Risk Management

The Risk Management process involves the taking of a number of steps to:

  • Identify and evaluate existing organisational risks
  • Establish mitigation stratagies for those risks
  • Regularly review identified risks and their mitigation strategies
  • Establish strategies to identify and monitor emerging risks ... on an ongoing basis

We would normally document all these steps and strategies in a Risk Management Plan.

There are relationships between risk management and many of the management processes and systems that may be employed to ensure the successful operation of the Organisation.

Once again, depending on the nature of the Organisation, we would ensure that all of the following business areas are considered when developing the risk management plan:
  • Business Planning
  • Occupational Health and Safety
  • Human Resources Management
  • Compliance
  • Financial Management
  • Client Relationship Management
  • Contract Management
  • Quality Assurance.