A Risk Assessment Improves Your Company’s Odds for Success

Mar 18
09:11

2013

Leighanna Cumbie

Leighanna Cumbie

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A comprehensive Risk Assessment allows your company to scientifically pinpoint areas of weakness and take proactive steps to reduce or eliminate those risks. The process starts by hiring a Certified Industrial Hygienist to work with your company. A Risk Management plan will be put together for the individual needs of your company.

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A comprehensive Risk Assessment allows your company to scientifically pinpoint areas of weakness and take proactive steps to reduce or eliminate those risks.  The process starts by hiring a Certified Industrial Hygienist to work with your company.  A Risk Management plan will be put together for the individual needs of your company.

 

The Certified Industrial Hygienist must visit your company to understand the challenges and risks present.  Detailed notes will be taken during the visit and a comprehensive Risk Assessment will be present to the management team.  The Risk Assessment will also include a Risk Management plan to reduce or eliminate some of the areas for risk.  The Risk Management plan will outline the areas for risk,A Risk Assessment Improves Your Company’s Odds for Success Articles the likelihood of that risk occurring, and the economic impact that risk would have on the company.  The highest priority is given to the risk with the greatest chance of occurring with the highest cost.  Proactive action can be taken to eliminate the risks on the list while economically beneficial. 

 

Each risk is scientifically calculated to determine each area of weakness.  Once identified, there are numerous options the company can take for that risk.  The risk can be avoided with a comprehensive solution to ensure that it never occurs.  The risk could be reduced to lower the impact on the company but not eliminate it altogether due to cost considerations.  The burden could be shared across another company, such as insurance taken out to split the risk.  Finally, a retention strategy could be implemented to simply budget that risk as an operating cost for the company.  Each strategy comes with its own positives and negatives.  Some solutions are more costly than others.

 

Click hereto contact a Certified Industrial Hygienist to work with your company to develop Risk Management.  A comprehensive Risk Assessment is the first step that is absolutely critical to have done correctly.  Any missed risk could be very costly to the company.  The company will emerge from the process more resilient than ever and improve the chances of success by eliminating future obstacles.  The Risk Management can give your company a competitive advantage over the competitors in the marketplace.  Eliminating unnecessary risks helps ensure future success moving forward.  The impact of the process can bring a long term change moving forward with lasting effects.  Start the process today to identify and defend your company from the struggles that tomorrow will bring.