A new risk management standard developed by the three major risk management organisations has been launched this afternoon.
The Institute of Risk Management (IRM), Airmic and ALARM, the natinal forum for risk management in the public sector, have formulated he new standard.
A new risk management standard developed by the three major risk management organisations has been launched this afternoon.
The Institute of Risk Management (IRM), The Association of Insurance and Risk Managers (AIRMIC), and ALARM The national forum for risk management in the public sector, have formulated the new standard.
Members of the three bodies are expected to quickly adopt the principles of the standard, which will help formalise the risk management framework within organisations.
Risk management expert David Ovenden said: "The successful formulation of the risk management standard is the result of committed work by a team drawn from Airmic, ALARM and the IRM.
"The standard has been rigorously examined by professional and authoritative groups throughout the business and regulatory community and stands as a seminal work for the risk management profession."
Airmic executive director David Gamble said: "By addressing the upside and downside of risk, the new standard will meet the requirements of today's working risk managers."
