Risk Management involves the implementation of health and safety procedures within the workplace. This is done when risks exist that threatens the health and safety of both employees and the general public. They should be protected at all times. The health and safety procedures will control these risks. There are three ways of minimizing existing Risks:

• Remove the risk
• Reduce the risk
• Re-engineer the process

The principles below are thus guidelines to help you when managing and assessing the health and safety risks in your business. Contact SHER-Q Management Consultants, no matter how complex your risks or circumstances might be.

Principles of Risk Management

The positive principles of Risk Management:

• Learning and innovation should be enabled.
• Individuals should be enabled to understand that the right to protection goes hand in hand with exercising responsibility.
• It should be ensured that the public and workers are protected at all times.
• Those who create risks should manage them responsibly and understand that if it is not the case, there will be consequences.
• Risks and benefits should be balanced to provide benefits to society. The focus should be on reducing real risks.

The negative principles of Risk Management:

• People should not be scared by publicizing or exaggerating trivial risks.
• Protection of people from risks causing suffering and harm should not be reduced.
• A risk free workplace and society should be created.
• Important learning and recreational activities for individuals should not be stopped as a result of risk management in these areas.
• Useless paperwork should not be generated.

The first step in managing real and existing Risks is by:

• Identify the risks
• Quantifying the risks

Identifying and quantifying real risks is done by conducting a Risk assessment. Risks can only be managed after they have been identified.

A consultant from SHER-Q Management Consultants can assist you in doing a Risk assessment to start the process of managing the risks in your organization.

If you have any queries regarding Health and Safety Management, book a FREE consultation with us today! You can also complete an online quote request.