Essay on Risk Management

making sure employees are aware of the health and safety aspects of their work (e.g. posting information on notice boards, keeping an information file such as COSHH, training, and providing

I ensure staff are kept safe within their day to day work by ensuring that they work to Health and Safety Law and Legislation and that this is kept up to date. I ensure risk assessments are in place and reviewed regularly for any changes or updates. I ensure staff are all treated equally and are given the same choices.

The Company asks for your assistance in maintaining a secure and safe work environment for all.

‘provide clear information, supervision and training for employees and ensure that suitably competent people are

Risk management in the health care setting is multi-focused. In addition to mitigating risks inherent to clinical settings, it also serves to protect visitors and employees safety. Moreover, risk management is vital to protect the organization from losses, earning and retaining accreditation, and reducing the overall risk of doing business in the health care industry. At the heart of risk management is the manager who is responsible for maintaining a risk management plan and continually monitoring the outcome of the plan.

1. use policies and procedures or other agreed ways of working that relate to health and safety

*tell the employees about any potential hazards from the work they do, chemicals and other substances used by the business, and give employees information, instructions, training and supervision as needed (COSHH)

* Be integrated into all project management activities, and encourage working-level personnel to assimilate risk management principles as a part of their daily job functions

Align strategy and corporate culture: The WP management team will create better risk awareness by using ERM. Also, a positive and open culture with respect to risk and risk management will be created as well. This will make every people at every level in WP to participate into the risk management activity which will be a huge benefit to WP and its employees.

take care to protect their own health and safety and to avoid adversely affecting the health and safety of any other worker.

Make risk management an integral part of your organization’s management approach. Emphasize the need to communicate and consult with both external and internal stakeholders, Continuously monitor and review your organization’s risk management process (including SOC playbooks and CSIRT response scenarios).

Risk management is the term applied to a logical and systematic method of establishing the context, identifying, analyzing, evaluating, treating, monitoring and communicating risks associated with any activity, function or process in a way that will enable organizations to minimize losses and maximize opportunities. (Lecture notes)Risk Management is also described as 'all the things you need to do to make the future sufficiently certain'. (The NZ Society for Risk Management, 2001)

3. Review of operating procedures to ensure adherence to legislation and then communication and training in these new procedures delivered to all staff

One well accepted description of risk management is the following: risk management is a systematic approach to setting the best course of action under uncertainty by identifying, assessing, understanding, acting on and communicating risk issues. In order to apply risk management effectively, it is vital that a risk management culture be developed. The risk management culture supports the overall vision, mission and objectives of an organization. Limits and boundaries are established and communicated concerning what are acceptable risk practices and outcomes. Since risk management is directed at uncertainty related to future events and outcomes, it is

Risk Management—Contributing to frameworks and practices for identifying, measuring, managing and reporting risks to the achievement of the objectives of the organization.