4 Steps Guide to Risk Management

1
4 Steps Guide To Risk Management

• https//sustainability.net.au

2

• Risk Management is basically examining what can
  cause harm and whether or not you have taken
  enough precautions. It is an important element in
  health and safety management. It includes
  determining the risk and the measures required to
  deal with it.
• A Risk Management strategy will protect your
  people as well as business. These strategies will
  allow a suitable and sufficient risk management
  within your own organization.

3
Identify the Hazard

• First you need to know the difference between a
  hazard and risk. A hazard is something with
  the potential to cause harm and a risk is the
  likelihood of that potential harm being
  realized.
• Hazards can be identified by closely monitoring
  the workplace, walking around and asking the
  employees.

4
Identify who might be harmed and how

• Once the hazards are identified, next step is to
  understand that who might be harmed and how.
• Prepare a list of people working in and around
  the hazard prone area and build strategies
  accordingly.

5
Decide on control measures

• After the above two steps i.e. identify the
  hazard and identifying who might be harmed and
  how, next is to protect your people from harm.
• Try to completely remove the hazard or at least
  lower the risk level so that injury is unlikely.

6
Review Update Strategy

• Once your strategies are in place and you are
  ready for any hazard, do not forget to review it
  one last time. Revision gives you much more than
  you know. Ask 2 3 people to review this strategy
  and give their view points.
• You should also not forget that with time
  workplace might not change but hazards may. So
  remember to review and update the strategy when
  required

7

• The outcomes might not be in your control but the
  effect or the harm from the outcomes is certainly
  in your control.
• Protecting your people from any hazard is risk
  should be your topmost priority.
• Contact Sustainability to know how we can help
  you design a perfect risk management strategy.
• https//sustainability.net.au