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THE TRANSFORMATION PLAN

The Akawini management team was then encouraged to discuss and compare options and to suggest major actions for the enhancement plan. The actions were allocated to members of the management team, and completion dates were agreed. These agreements were recorded and became the risk management plan that described the transformation process for managing risk at the sites. The management team was also asked to commit on a review and reporting process for the transformation plan.

REFERENCE

ISO. 2009. International Standard ISO 31000:2009, "Risk Management – Principles and Guidelines." Geneva, Switzerland: International Organization for Standardization.

ABOUT THE CONTRIBUTOR

Grant Purdy is Associate Director, Broadleaf Capital International. He has specialized in the practical application of risk management for more than 38 years, working across a wide range of industries and in more than 25 countries. He works with many types of organizations, helping them develop and enhance ways to manage risk in support of the decisions they make. This involves mentoring, training, and giving advice, predominantly to senior managers and boards. Grant is an accomplished trainer and speaker and has had more than 100 papers, books, and articles published. He has been a member of the Standards Australia and Standards New Zealand Joint Technical Committee on Risk Management for more than 12 years and was its chair for seven. He is coauthor of the 2004 version of AS/NZS 4360 and also of AS/NZS 5050, a standard for managing disruption-related risk, and has also written many other risk management handbooks and guides. He was the nominated expert for Australia on the working group that prepared ISO 31000 and Guide 73 and subsequently head of delegation for Australia on ISO PC 262, Risk Management.

 
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