Why Elevate Risk Management To The Common Action Plan?
Risk management is the application of management policies procedures and practices to the tasks of identifying, analysing, assessing, treating and monitoring risk. It is a logical and systematic process which can be used when making decisions to improve the effectiveness and efficiency of performance. It means identifying and taking opportunities to improve performance as much as it means taking action to avoid something going wrong [“Guidelines for Managing Risk in the Australian Public Service”, MAB/MIAC Report No. 22, October 1996.]. The work of a Customs agency involves dealing with a multitude of transactions taking place within a restricted environment. It is simply not practicable or even possible for everything to be checked and approved in a timely fashion. The problem is then how to ensure that the goals and objectives which Customs administrations world-wide are accountable for are met when only a fraction of the workload can be addressed through direct intervention. The sol
