Management of risk, 1st edition

This document was reissued in March 2025 as practice information. It had previously been published in June 2015 as a guidance note. The regulatory requirements remain the same and no material changes have been made to the document. For more information on the document category changes, see Upholding professional standards.

This practice information provides a reference point for professionals on the discipline of risk management.

Effective from 25 September 2015, the document provides details of the general principles of risk management and practical applications and considerations for successful implementation.

This practice information includes:

• key principles of risk management
• response/mitigation strategies and
• risk identification techniques.