Health and Safety (Risk Management)

What is risk management?

Risk management is a method for identifying risks and developing and implementing programs to protect the organization and prevent loss. An effective risk management program consists of four basic steps that are part of a continuing process. As you engage in new activities and plan different events, continue to use these four steps to help protect against the new exposures that arise:

  1. Assess - identify, analyze and prioritize potential risks

  2. Select - methods to prevent loss

  3. Implement - the best methods

  4. Monitor - the results and revise as necessary

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