Process
Critical Risk Management
Why is this important?
Knowing which activities in your business have the biggest potential to harm your people – and more importantly, understanding if these risks are well controlled – is pivotal to creating a safer workplace.
By proportionately focusing on these critical risks and critical controls, you can create a manageable program of work that not only keeps people safe, but demonstrates to your key stakeholders that you are aware of – and are managing – the big safety issues.
Understanding your critical risks and verifying that critical controls are in place and working effectively are key due diligence obligations for Company Officers and are the foundations for keeping your people safe from serious harm incidents.
How can businesses improve
By defining unwanted events, identifying critical controls and verifying the effectiveness of those controls, organizations can be assured that:
- Critical Risks and Controls are known and
- What we think is happening in practice is actually happening.
How we help our customers make a difference
We can help you understand your risks from both a data driven, and people focused perspective and then determine what is critical and what is not – both from a risk and control perspective.
Our Control Based Risk Management Framework can help you to do this effectively and relatively quickly. The purpose of any work done on critical risks is to identify and verify the critical controls, so you can be sure that your big risks are being managed effectively.
Using our extensive industry experience, we can help your teams:
- Identify their critical risks and controls
- Verify the effectiveness of those critical controls
- Build internal capability for ongoing monitoring activity and provide external assurance of control effectiveness
Control Based Risk Management
Framework Model
Critical Risk Management
Knowing which activities in your business have the biggest potential to harm your people – and more importantly, understanding if these risks are well controlled – is pivotal to creating a safer workplace.
By proportionately focusing on these critical risks and critical controls, you can create a manageable program of work that not only keeps people safe, but gives assurance that you are managing the material safety issues.
Solutions
Facilitated Workshops: Control Based Risk Management Framework
Our Control Based Risk Management Framework helps organizations do this effectively and efficiently. Using our extensive industry experience, we help teams develop a framework to identify their critical risks and controls, verify the effectiveness of those critical controls and build internal capability for ongoing monitoring activity and provide external assurance of control effectiveness.
HSE Global can help you understand your risks from both a data analysis and people focused perspective and then determine what is critical and what is not from a risk and control perspective.
Facilitated Workshops: Bowtie Risk Control Analysis
HSE Global consultants can facilitate bowtie risk control analysis workshops drawing down on input from your relevant subject matter experts (those that do the job). We identify the critical controls that either prevent or mitigate the consequences of material unwanted events.
“HSE Global’s approach isn’t just about the mechanics of risk management, it is actually about the people side of managing risk”
– Stephen Esposito, GM Operations, Ravensdown NZ
It’s time
to make a difference
Take the first step in transforming your business safety culture and speak with one of our solutions experts today.
