What Exactly is Risk Management?

What Exactly is Risk Management?

You have most likely heard of “risk management” a number of times. But what exactly is risk management? The ISO 31000 Guidelines for Risk Management defines Risk Management as: Coordinated activities to direct and control an Organisation with regard to...
Risk

Risk

Risk is a combination of the consequences (I.e., outcome) of an event (including changes in circumstances) and the associated chance of something happening (I.e., likelihood or probability){Ref:ISO...

Risk Management

How to Communicate Risks Successfully Using Heat Maps Want to successfully communicate and manage your Organisation’s risks? Heat Maps are great for this purpose, but what are they? Read More What is Management of Change (MoC)? Ignore Management of Change (MoC)...
The Difference Between Safety, Hazard and Risk

The Difference Between Safety, Hazard and Risk

It’s that old chestnut again: “what’s the difference between safety, hazard and risk?” Have you been in a meeting where colleagues are misusing words like as Safety, Hazard and Risk? This is not uncommon and it’s easy to understand why there is confusion. Click Here...