Risk assessment

Gerry Legister By Gerry Legister, 18th Feb 2011 | Follow this author | RSS Feed
Posted in Wikinut>Writing>Columns & Opinions

Every business requires risk assessment, in order to limit the possibly injuries to their staff, in the work place we often encounter trip, slips and falls. A bigger problem is the amount of claims paid out because of poor risk assessment.

Trip, slips and fall

Risk assessment is a careful examination of supervision to protect the security of investment, by looking at ways to reduce the possibility of harm to other people, it is the practical assessment to identify where hazards could significantly be reduce. The aim is to make sure that individuals are not at risk from the lack of supervision, by taking all the necessary precautions to cover damage limitations, in decision making, and evaluation of danger at the work force.we all need to look at trips, slips and falls, the study should lead to all areas which requires accountability.

Just about everything that we do requires a certain amount of risk assessment, whether we be at home, or in the work environment, but the heart of the matter is the workforce, industries, individuals, savings , investment, performance task, institutions, avoiding catastrophes, management regulators, some of these areas capture the programming of transitional possibilities. In the banking industry the review of assets would be high on the list, evaluating record finding and lost revenues, the risk assessment would decide what measure would be needed to cover adequately any possible violation.

Many banking institutions in the past, have failed to manage their risk assessment program properly, consequently the result of their errors has made them look shambolic, and this failure has resulted in the public losing confidence in the banking sector, for creating the economic crisis that the world at lager is in.

We must now repair the damage that has been maliciously done, and create awareness of the need for better risk assessment approach, by taking into account the type of business we want to see improving, when there is better understanding of risk assessment, the chances of avoiding financial catastrophe will be limited.

Tags

Behaviors, Hazard, Hazardous Materials, Reckless, Risk, Slipped, Trips

Meet the author

author avatar Gerry Legister
I am from the UK, and I love creative writing. And I write on many different subjects, including War peace, love, happiness.

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