By Jacqueline Jeynes
Within the similar manner because the 4Ps of promoting are a primary precept of industrial idea, this booklet places ahead the 10Ps of chance administration as a constant and finished method of the topic. The 10Ps of chance administration bargains a holistic process, bringing jointly all parts of hazard administration for managers, protection and environmental experts, enterprise advisers and scholars on occupational overall healthiness and protection and environmental experiences classes. the 1st complete advisor to pleasurable the necessities of latest laws on company governanceBrings jointly all parts of hazard administration in a single publication
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Additional info for Risk Management: 10 Principles
This may be exacerbated by central purchasing policy that does not take full account of individual business unit requirements. Identifying risk factors 27 Legislation risks ᭹ Competition laws and the need to operate a fair procurement system Example: A high proportion of firms do not review purchasing arrangements to consider the optimum option, but stay with the same suppliers for many years. While such loyalty sometimes results in preferred supply conditions, the risk factors associated with this approach relate to requirements for changing supplies to match changing processes or methods of production; the ability of the supplier to continue operating as planned; and potential for restricting access to other suppliers unfairly.
Even smaller organizations not listed can suffer damage from leaks of sensitive information about future plans or developments to the local media. ᭹ Leaks of information to markets or media. Competitive risk factors ᭹ ᭹ Poor results in bench marking activities Bad publicity from breaches of third party certification standards; withdrawal of certification Example: While third party certification schemes can offer valuable ‘badging’ opportunities for firms, inability to maintain the standards set or actual withdrawal of the certification is a risk factor to be considered.
Less obvious targets may be closed or ‘secure’ storage areas that require more effort and planning on the part of the arsonist. ᭹ ᭹ ᭹ ᭹ Theft of materials; goods produced; money and other valuables; workers/customers’ valuables; safe storage areas Access to electronic data; personal records; confidential information Access to harmful substances/agents; storage of hazardous substances and materials Violence to staff, visitors, animals on site. Example: Consider areas where staff may be particularly vulnerable at certain times, such as opening up in the early morning or locking up at night, when working alone, or when moving money and valuables around the site.