Firm management

Article Abstract:

Fully integrated risk management methodology is designed to focus on a variety of risks in an organisation, particularly in the area of safety. A risk profile study is needed to ensure that the organisation can get as near as possible to a state of no unplanned dysfunctional events. Safety standards should be complied with as long as any expenditure can be justified. In addition to safety, the organisations employee's, its property, its assets, its business operations and its commercial risks all have to be taken into account.

United Kingdom, Reports, Risk management

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A new approach to risk management

Article Abstract:

Risk management involves identifying risks and eliminating them where this is possible. Self-insurance measures can be brought in to finance risk. Performance in managing risks should be audited and monitored and performance should be compared with competing firms. Accidents can be expensive and involve both direct costs such as compensation payments, as well as indirect costs such as output losses and the cost of inquiries and lost goodwill.

Analysis

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Raising a risk profile

Article Abstract:

Risk Management should allow the safety manager to save money for the employer by analysing, benchmarking and costing the following categories: people; property, physical assets; business operations and commercial risks. The next stage is to 'risk map' the categories in terms of safe plant, safe procedures and safe behaviour. The risk profile is crucial to risk management, and is the basis of the risk management role.

Methods, Risk assessment

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