Within today's empowerment          
environment, Risk comes along... Risk Management is a process to identify, evaluate and act toward the objective of reduction of risk. It can take a multitude of paths (or amalgamate) including, finance, environmental, product/service safety, occupational safety, competitiveness (financial)... et al with objective to improve performance and regulatory requirements. Opportunities for improving need be identified and then act upon, and action must commensurate with the encountered risk... applying local laws and regulations through the uitilization of likes publications ISO 9001, ISO 14001, OSHMS BS OHSAS 18001, ISO 22000 - HACCP MS, ISO/IEC 27001, ISO 28001 (Specification for Security Management Systems for the Supply Chain), and even Social Accountability (such as SrA informative document ISO 26000). The combinatorial management programs may well be encompass under Loss Prevention & Control. 

Risk Management (RM) applies to organizations and entities small, medium, large or multinationals private or public, will benefit. Further, within the practices, methods and principles comprising ISO Kaizen-Blitz (IKB) Risk Management can become an integral component in a translucently.

    Conformity Assessment Bodies (CAB) are including within their certification of management systems protocols issues of risk management. Third party management services Lloyd's, DNV and BRS seem to lead the curve in adding value as this is an evolution that is permeating to some other CABs and their subsidiaries. And programs for accreditation and recognition with their basis anti-fraud, anti-corruption and antitrust are legally binding are indispensable to free market economies.   

Risk Management Specification Models:

In development programs for Risk Management - Principles and Guidelines on Implementation, which includes the basic concepts brought about BRS development of the "P|E|R|M" [Prevent | Eliminate | Reduce | Mitigate] concept, which many third party organizations (CABs) adopt:

  • Identify Risk at the source (sources of risks such as hazards, dangers...) and the potential consequences, this can be study as to prevent the hazard in becoming a risk,
  • Analyze Risk from the cause (at the source) and the probability of occurrence as to decide whether is it feasible to eliminate the risk,
  • Evaluate Risk is to determine whether the risks need to be addressed and treated, which encompass combination of elimination and/or reduction of risks to acceptable levels, and
  • Treat Risk means to determine the necessary actions to control or mitigate risks

Jointly with IKB Some of the RM issues that organizations may wish to consider:

  • Strategic Planning
     
  • Mutual inclusiveness for competitiveness and reduction of risk
     
  • Optimize resources
     
  • Identify and Evaluate for (Blitz) Readiness, based on "PERM"
     
  • Internal and External Communication
     
  • Assist within Knowledge Management
     
  • Added-value to operations
     
  • Technology and Security

Through inquiries, we assist by identifying reduction of risk components.