Risk Assessment

Risk assessment is a strategic procedure designed to help organisations identify, scrutinise, and appraise the probable risks that could potentially disrupt essential business operations.

One of the most important areas to evaluate when it comes to risk is of course health and safety, identifying processes and situations that may cause harm, particularly to people, and determining how likely it is that each hazard will occur and how severe the consequences would be.

But risk extends beyond this area.

When it comes to business, risk can seem to be all around us. Whether it’s the economic environment, technology, the environment or competition, these are obstacles that must not only be managed but overcome.

Risk management is the process of identifying, assessing, and mitigating threats or uncertainties. This involves analysing risks’ likelihood and impact, developing strategies to minimise negative outcomes and monitoring the effectiveness and impact of any steps taken.

Effective risk management proactively protects your organisation from things that can affect its reputation.