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Risk Management Framework

1 Risk Management Framework Version Approved by Approval date Effective date Next full review [to be completed] XX Month Year XX Month Year Month Year Framework Purpose The risk Management Framework details the requirements for identifying, managing and monitoring uncertainty to maximise upside and minimise the downside of risk Scope The Framework applies to all UNSW business, including those of its Controlled Entities. Are Local Documents on this subject permitted? Yes, however Local Documents must be consistent with this University-wide Document.

The framework details the requirements for identifying, managing and monitoring uncertainty. It clarifies how risk and opportunity are considered in strategic planning, review, approval and …

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Risk Management Framework

www.riskmanagement.unsw.edu.au

The risk management process is central to any Risk Management Framework. The process to conduct a risk assessment will follow the ISO 31000 approach as depicted in the diagram below (Figure 3). The process, tools and guidance for conducting a risk assessment are further detailed in the Risk Management Guideline.

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