There is a “magnitude” of risk in everything we do and risk management is critical for ensuring success in terms of economic performance, professional reputation, societal outcomes, environmental and safety performance.
Worldwide, there are many risk management standards providing a framework for covering a diverse range, which includes insurance, business continuity, process and workplace safety, environmental, corporate governance, engineering, planning and financial services.
Risk Management is coordinated activities to direct and control an organisation with regard to risk (Ref: ISO 31000:2009 Risk management – Principles and guidelines). It is important to note that risk is different from a “hazard”.
A hazard is “something that can cause harm”, e.g. electricity, chemicals, working up a ladder, noise etc.
With significant experience in Hazard Identification and Assessment (HIRA), Human Factors and Process Operations, Applied KPI is uniquely positioned to offer Risk Management expertise in Process and Workplace Safety.
Our Risk Management approach comprises: