BlueSafe Online Pty Ltd
ABN 45 617 812 094
ACN 617 812 094
Phone: 1300 877 609
The continual ongoing process of identifying risks and hazards, assessing those hazards and risks and then setting up a systematic approach to develop strategies to manage those risks is known as having a risk management approach. One tool that can easily be used as part of your risk management is by developing a risk management plan.
Most risk management plans have a component that also assesses the impact that any risk or hazard has on your business practices. This is called a business impact analysis, which is also an important part of your business continuity plan. By understanding potential hazards and/or risks your business faces, and then finding ways to minimise the impact of this risks will help with a quick recovery should an incident ever occur within your business.
Risks can vary in types from business to business and industry to industry, however preparing a risk management plan involves common processes and a common sense approach. Your risk management plan basically should outline the strategy you will be implementing in order to deal with the risks, hazards and incidents your company is likely to face.
With every Risk Management Plan (sometimes known as a Safety Management Plan) it is important to allocate time and resources for preparing a well put together risk management plan and business impact analysis. One of the quickest ways to get a head start is by purchasing a Risk Management Plan Template, and then adjusting it to suit your particular circumstances. By customising the Risk Management Plan Template to your specific company circumstances, you'll be better equipped at meeting your legal obligations as an employer for providing a safe workplace by reducing the likelihood of any negative incidents that could impact your business.
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