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Risk management

(January 2014)

Risk management at FSANZ is a consultative and decision-making process that identifies the problem; considers the risk assessment, social, economic and other factors; and develops, weighs and selects the option of greatest net benefit to the community.
The process may also involve evaluation of the implemented decision. It is one component of the FSANZ risk analysis framework, the other two being risk assessment and risk communication.

Risk management begins before risk assessment, runs concurrently with it and continues beyond it. Risk managers work in a team along with others with expertise in risk assessment, risk communication, food technology, public health nutrition, economics, behavioural and social science, food labelling and food regulation.
Risk communication is initiated early as ongoing communication with all interested and affected parties is an important part of the process.

Steps in risk management

FSANZ’s risk management process is guided by a risk management framework comprising four overarching components. These are depicted in the figure below and are: preliminary risk management activities; formulating risk management options and selecting preferred option(s); implementing risk management decisions; and monitoring and evaluation.
Read more about FSANZ’s risk management process in the Risk Analysis in Food Regulation publication.




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