what are the benefits of risk management


risk-management programs provide both a strategic basis and an operational framework for handling crisis within your company, as well as providing the policies for crisis management.



WHY DO BUSINESSES NEED RISK MANAGEMENT


businesses who are proactive in risk management, manage the short, medium and long-term risks for the benefit of their employees, property, public liability and business continuity.

also corporate governance/compliance- obeying regulatory and contract compliance laws, as well as complying with company policies and workplace health and safety regulations.

What is the biggest risk management pain-point?

Risk Management System Software

why do businesses require risk management?

  • Corporate governance
  • Protect people from harm
  • Protect property
  • Save resources
  • Protect public image
  • Prevents/reduces legal liability
  • Protect income
  • Protect assets
  • Protect time
  • Protect the environment

PROBLEMS BEING ADDRESSED

inability to collect and manage data from all sources.

 

no standard procedures in place for acting on risk exposure.

 

getting buy-in from department heads & staff.

 

budget constraints.

 

inability to spot potential risk exposure.

 

 

 

 

 

 

 

STRATEGY

central location of data through interactive software.

 

put in place risk management procedures to facilitate the operation of a safe business.

 

staff training incoroprating a proper two way communication process.

 

executing a risk management and maintenance software system.

 

trained staff will be aware of the policies and standards of the business.

 

 

 

 

RESULT AND BENEFITS

all information stored and quickly accessible in an efficient way.

 

all staff work to the guidelines laid down in standard operating procedures and safe working practices.

 

trained staff familiar with the procedures. create inclusive awareness and a sense of ownership.

 

allows for the intergration of: strategies, risk-management and assurance in one location.

 

staff will have a mature and capable systematic approach to managing safety whilst becoming more resilient to unexpected or unidentifiable risks.