risk management
Risk is a part of a business and the employees must enhance their risk management skills to tackle the unexpected situations to be more productive. Risk management skills training enables them to effectively forecast and evaluate the risk together with the identification of procedure to minimise or avoid the impact. Risk generally occurs of two reasons; the likelihood of something to happen or the outcome of the process that goes wrong. Risk Management doesn't only involve crunching numbers but also the process of efficiently managing the work health and safety risks within the workplace. Effective risk and hazard management methodology allows an organization to identify hazards that pose a risk and the methodology of calculating the risk. Calculating and managing risk is a strategic business. The cornerstone of risk management is analyzing risks, calculating their potential effects and balancing them. Risk analysis is not about generating vast swaths of paperwork, but instead is more about developing measures to control any of the potential risks in your workplace. The risk management process is considered as an important discipline that the business has in its recent times.
Risk Based Internal Audit - A Modern Approach