As/Nzs 4360:2004 Risk Management Standard.

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Explain how risk management processes should reflect the requirements of the AS/NZS 4360:2004 Risk Management Standard.
The most commonly used standard used in the different process for management of risk is the AS/NZS 4360:2004 Risk Management (the Australian standards). The AS/NZS 4360 has provided us a generic framework for managing and controlling the risk. This has been brought into existence to minimize the losses of the organisation and to maximization the gains. Under AS /NZS 4360 there have been certain steps been defined and method has been specified to be followed
The 1st step- establishing of context
This involves question like
*what are the safety requirements?
*what is the safety performance of a particular place?
*what are the safety regulations?
The 2nd step-
Identification of the risk and hazards having potential
In this step firstly the hazards are analysed and then the risk is managed systematically.
Systematically management of risk under AS/NZS 4360
• The standards are helpful and useful in eliminating the risk before hand .
• With poor safety in the industries, the hazards caused by this will require the detailed process for the management of risk.
3RD STEP
Calculating, evaluating and controlling the probability of the risks.
4th step
Monitoring and communicating
Re-examine against wants of Section 20 of the OHS Act. Collaboration, discussion with the client and people involved in the design project
Referring to examples, what are some more common legislation except AS/NZS 4360 , codes of practice and standards that affect your business operations? Explain how you could take these into consideration when conducting risk management activities.

Some more common standards and codes of practice except AS/NZS 4360 are NSW Disability Service Standards, the HACC National Service Standards. According to NSWDSA 1993 disables have…...

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