Risk
Australian/NZ Standard 4360 defines
risk as "the chance of something happening that will
have an impact upon objectives. It is measured in terms
of consequences and likelihood." Risk management
is the actions taken to manage or treat the risk and therefore
reduce the risk by either reducing the likelihood or the
consequences (or both) of undesirable events.
Management
Perth Bushwalkers
committee addresses risk in the club in accordance with
AS/NZS4360, by assisting leaders in identifying and managing
risks involved in the various programmed activities, and
also in managing the club's financial actions and assessing
exposure to risk from outside sources (for example legal
actions taken against the club).
While it is recognised
that the club has historically managed risk effectively,
legal and economic imperatives now provide powerful incentives
to formalise the process.
Benefits of good
risk management include a safer environment for participants,
reduced likelihood of undesirable events, improved public
perception of the club and improved ability to source
insurance.
The Club Risk
Management Policy details the steps taken to address
risk, and the application of risk management in running
of the Club.
