Legal Compliance Risk
Posted by SkillMaker in Nov, 2014
What is Legal compliance risk? Legal compliance is the procedures that are implemented to make certain that a company follows the regulations, laws, and rules, established by Work, Health & Safety. Recently there have been additions to legal compliance to determine if certain work places are adhering to ethical codes established for the workplace. What […]
Category: BSBRSK401
Post Tagged with Organisational Policies and Procedures for Risk Management
Posted by Thomas Baskerville in Nov, 2014
What are Organisational policies and procedures for risk management? Organisational policies and procedures for risk management are a set of written steps that will be taken by a company to provide their employees with the least amount of risk when they are performing their jobs. These procedures may include equipment upgrades, extensive employee training, or […]
Risk Audit
Posted by Peter Baskerville in Nov, 2014
What is a Risk audit? A risk audit is a study to determine the validity of risks, and the ways that those risks can be minimized through cooperation of employers and employees. What is a Risk audit like? A risk audit is like a sporting team performing a study on sports injuries, and then implementing […]
Risk Control Measures
Posted by SkillMaker in Nov, 2014
What are Risk control measures? Risk control measures are the steps that are implemented by a company to reduce the chances that any of their employees will be injured on the job, or to reduce the chances that anything they make will cause harm to the community it is produced in. What are Risk control […]
Category: BSBRSK401
Risk Evaluation and Categorisation
Posted by SkillMaker in Oct, 2014
What is Risk evaluation and categorization? Risk evaluation and categorization is the evaluation of a potential risk that a job, or a person, may pose to themselves, or to the company they work for, or to society as a whole. Employers often evaluate an employee during their initial interview to determine what risk, or benefit, […]
Category: BSBRSK401
Risk treatment
Posted by SkillMaker in Dec, 2013
What is Risk treatment? Risk treatment is the name given to a wide range of strategies which are used to reduce, remove, avoid, transfer or otherwise alter the risk. Specific treatment strategies can be created to treat specific risks which have been identified. Treatment strategies may differ, depending on the risk context. What is Risk […]
Risk monitoring
Posted by SkillMaker in Dec, 2013
What is Risk monitoring? Risk monitoring is the process which tracks and evaluates the levels of risk in an organisation. As well as monitoring the risk itself, the discipline tracks and evaluates the effectiveness of risk management strategies. The findings which are produced by risk monitoring processes can be used to help to create new […]
Risk management
Posted by Peter Baskerville in Dec, 2013
What is Risk management? Risk management is the process of identifying, evaluating and prioritising risks, then identifying and taking steps to minimise these risks. What is Risk management like? Risk Management is like the safety features in a car. When you are out driving, you will encounter bends in the road or other problems which […]
Risk management standards
Posted by Andrew M Cowan in Dec, 2013
What are Risk management standards? Risk Management Standards set out a specific set of strategic processes which start with the overall aspirations and objectives of an organisation, and intend to help to identify risks and promote the mitigation of risks through best practice. Standards are often designed and created by a number of agencies who […]
Risk identification
Posted by SkillMaker in Dec, 2013
What is Risk identification? Risk identification is the process of spotting, recognizing or classifying potential risks which may affect an organisation. Risk identification can help a company to be prepared if these risks occur. This is one of the early stages of the risk management process. What is Risk identification like? Risk identification is like […]