Why does your Organisation size affect risk management?

We are all familiar with Organisation size and when it comes to risk management, Size Does Matter. 

But why?


This content is extracted from my book "Risk Management Simplified: A Definitive Guide for Workplace and Process Risk Management". 

Check out the Testimonials, our FREE eCourse based on the book, which you can also access with our FREE APP.


What we know…

Typically, Organisation size relates to being Small, Medium or Large, especially in conversational terms.

Small and Medium-sized Enterprises (SMEs) are defined in the EU recommendation 2003/361 and this also includes an additional category known as “Micro”.

What’s the criteria?

The table below provides an overview (using Euro’s as the monetary value):

Key factors to take into consideration

The 2 key factors that define the size of an Organisation (or enterprise) are:

  1. Number of employees (or staff headcount); and
  2. Organisation’s finances (I.e., Turnover or Balance Sheet Total).

Using the above figures, the size of the Organisation can be defined. This is a useful baseline for comparative analysis with other similar Organisations

Why is it important?

Typically, the larger the Organisation, the larger the risk portfolio and the potential impact of risks.

If we know the size, we are in a better position for managing resources, training and awareness requirements (i.e., if you are a micro organisation, it is a good practice to focus valuable and limited resources on realistic risk management plans).

This doesn’t of course mean that large Organisations can flit away their resources. It just means they are more resilient and have greater resources at their disposal.

Understanding and knowing your Organisation Size will help towards developing meaningful Corporate Safety and Risk Strategies and Key Performance Indicators.

[contact-form-7 id="10017" title="Newsletter"]

Weekly News

Latest YouTube Upload

Opinion Survey

Next YouTube Release

[decm_event_display show_name="off" show_price="off" show_weburl="off" show_time="off" show_venue="off" show_excerpt="off" show_category="off" show_detail="off" show_preposition="off" event_count="1" image_align="topimage_bottomdetail" _builder_version="4.4.4" title_level="h3" title_text_align="center" duration_font="|600||on|||||" duration_text_align="center" duration_font_size="15px" border_radii="on|9px|9px|9px|9px" border_width_all="1px" box_shadow_style="preset2"][/decm_event_display]

Events: Feedback Survey

Latest Podcast

Upcoming Live Events
Prev 1 of 1 Next
Prev 1 of 1 Next

Similar Content Related to Risk Management

Risk and Safety: What I want to know is…

Risk and Safety: What I want to know is…

Risk and Safety (from a helicopter perspective) has many facets. In this Live Event with Gemma we explore some of the more prominent questions and create “a campfire chat” session wherein we can share our ideas, thoughts and also opinions.

read more
Hierarchy of Controls

Hierarchy of Controls

In this show, I discuss with Terry “Hierarchy of Controls”. We share our thoughts and views based on our 60+ years experience in industry.

read more