Last Build Date: Tue, 17 Jan 2017 14:47:55 -0500
Wed, 15 Jun 2011 00:00:00 -0400Conducting 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.
Fri, 04 Jun 2010 00:00:00 -0400Arc 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.
Tue, 27 Apr 2010 00:00:00 -0400A 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.
Wed, 24 Mar 2010 00:00:00 -0400With 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.
Fri, 23 Jan 2009 00:00:00 -0500A 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.
Mon, 15 Dec 2008 00:00:00 -0500Every 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.
Wed, 05 Nov 2008 00:00:00 -0500Every 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.
Thu, 15 May 2008 00:00:00 -0400Risk 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.
Wed, 19 Mar 2008 00:00:00 -0400Risk 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.
Sun, 29 Apr 2007 00:00:00 -0400A 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.
Sun, 04 Mar 2007 00:00:00 -0500Social Distancing is a new term we are hearing more and more as businesses start to gear up their plans for a Bird Flu pandemic. Learn what it means and what you can do to minimise the chance of bringing infection into your workplace.
Sat, 24 Feb 2007 00:00:00 -0500Despite continuity planning for Bird Flu being such a vogue topic in the boardroom these days and there being a frightening jump in lay-offs following 'other' operational disruptions, to many business managers it is still low on their priorities list. An agenda item which never gets resolved and never seems to go away. Until it's too late.
Fri, 09 Jun 2006 00:00:00 -0400A very important factor in any business is how you manage risk - yet it is a factor that is often ignored by home businesses. You have to realise that any time you start a business, you are taking the risk that the business might fail. What experienced people do is shield themselves from risk at every opportunity, to make sure that they can keep a business going for months on the brink of disaster, and wind it down gracefully if it really has to go under.
Sat, 27 May 2006 00:00:00 -0400Risk is an acknowledged and inescapable part of business - which means that risk management should be an integral part of a successful enterprise. By employing professionals or training members of your team, you reduce the possibility of misfortune, financial or personal.
Wed, 08 Mar 2006 00:00:00 -0500Risk management and assessment of sub-contractors and suppliers must start early in the life of a bid. As soon as the need for bought in items is identified and a list of potential sub-contractors created, the risk management process kicks in. Risk assessment of sub-contractors becomes more essential, the more complex the item of supply and the fewer suppliers there are to choose from.
Wed, 08 Mar 2006 00:00:00 -0500The second article in our series relating to the risk management of sub-contractors. The risk management of a project at the top level is complex enough, but when the infeed from outside companies has to be considered as well, it becomes even more so.
Wed, 08 Mar 2006 00:00:00 -0500In the previous article, Risk Management - Identification and Planning, risks were identified, evaluated and mitigation and contingency plans put in place. Now we come to managing the individual risks as they fit in with the Project Plan.
Wed, 08 Mar 2006 00:00:00 -0500Risks are unplanned circumstances which may occur during the life of a project. They should not, however, be unforeseen circumstances. Enter Risk Management. Risk Management is an ongoing process - it's "cradle to grave", starting on receipt of an invitation to tender, covering the bid period, the life of the project up to delivery then on through subsequent support phases.