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.
