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Topic: What is Risk Management?

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lemmaflick
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I work as an Inventory Control Officer and I was tasked to conduct risk assessment in our Warehouse Facility Division. Though this is a group effort Im studying the matter carefully prior the actual activity because this is the first time I have encountered risk assessment. I have done some research I just want to know aside from identifying hazards and evaluating the risk associated with that hazard, what are the other benefits of risk management?
Post Sun Mar 05, 2017 12:19 am 
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mildsoft
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The following are some of the specific benefits of a preventative risk management program:
See risks that are not apparent. ...
Provide insights and support to the Board of Directors. ...
Get credit for cooperation. ...
Build a better defense to class-actions. ...
Reduce business liability. ...
Frame regulatory issues.

I hope these help.
Post Mon Mar 13, 2017 1:45 am 
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lemmaflick
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quote:
mildsoft schreef:
The following are some of the specific benefits of a preventative risk management program:
See risks that are not apparent. ...
Provide insights and support to the Board of Directors. ...
Get credit for cooperation. ...
Build a better defense to class-actions. ...
Reduce business liability. ...
Frame regulatory issues.

I hope these help.


Thanks for posting. We're currently considering two risk management software but we're leaning more towards this one. Any tips on what we should be looking for?
Post Mon Mar 20, 2017 10:50 pm 
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