Risk Management Articles
Expert Author: Howard Deutsch
Conducting a comprehensive online risk survey is a low cost and highly effective way to identify and assess business risks. Risk survey findings can enable your company to avoid significant losses, save your reputation and even save your business.
Expert Author: Robert Asbet
Arc flashes are one of the most dangerous phenomenons in industry today. In the USA around 8 per cent of fatalities are due to electrical shocks, fires and explosions. In the chemical industry, 55 per cent of fatalities in a 5 year period were attributed to burns and explosions connected with electrical ignition sources.
Expert Author: Shaffer Degrassi
A growing number of criminal cases and legal actions that have resulted from the misuse of confidential personal information have led to legislation for records destruction. Initiatives were made to protect the right to privacy which includes personal information and financial information. The private and public sector has been remarkably affected by these laws.
Expert Author: Devon Wijesinghe
With patient safety and supply chains ranking among the most major healthcare risk management issues in today's hospitals, clinics, and facilities, identifying an all-encompassing risk management solution is vital. Discover what to look for.
Expert Author: K Garrow
A new law was passed in January 2009 giving courts increased powers to hand out custodial sentences for serious breaches of health and safety legislation. This article examines what the new legislation says and what the implications are for business owners and well as employees. All business managers need to ensure they are aware of the implications of this new law.
Expert Author: Gopal D.
Every business has some element of risk that can be a potential threat to its success. Risk management is the practise of assessing these potential threats and making sure you do everything in your power to maintain the upper hand. Before starting any business venture, always know exactly what you are getting into and be realistic.
Expert Author: Steven Hastert
Every business generates and must maintain sensitive information. It can be trade secrets like research and development, customer lists, vendor lists or accounting records. It is also sensitive personal information about your employees and if you offer credit, your customers. Both types of sensitive information is being actively targeted as you read this; trade secrets by your competitors and the personal information by identity thieves.
Expert Author: Kelly Bendall
Risk management, as the term implies, focuses on managing the risk. While the approach deals with all kinds and levels of risk, specific attention is logically devoted towards management and mitigation of risk arising from uncertainty embedded in the project. This is accomplished via a host of established strategies, deployed in a sequential manner.
Expert Author: Paul Bower
Risk management as a shared or centralized activity must accomplish the following tasks: identity concerns; identify risks and risk owners - evaluate the risks as to likelihood and consequences; assess the options for accommodating the risks; prioritise the risk management efforts; develop risk management plans; authorize the implementation of the risk management plans; track the risk management efforts and manage accordingly. It is possibilities that are being accommodated. It is management's job to do the planning that will accommodate the possibilities. The customer is the final judge, but internal goals should be to a higher level than customer expectations.
Expert Author: Bob Mehta
A Risk Assessment is identifying, analyzing, and weighing all the potential risks, threats and hazards to the business's internal and external environment. It discovers if a facility (building) is vulnerable to weather related events, HVAC failure, Internal/External Security vulnerabilities and local area hazards. It allows a business to document what mitigating actions have been taken to manage these exposures. By identifying the threats that currently are being mitigated verses threats that are not, a business can compile a list of recommendations for improvement.