Risk

Risk

Please find below the core services associated with our Risk Management offering. We also offer several additional ancillary services not listed which we are happy to discuss more after understanding your needs

The Association for Project Management define risk management as ‘…a process that allows individual risk events and overall risk to be understood and managed proactively, optimising success by minimising threats and maximising opportunities and outcomes.

Risks, however, are not just negative events: Risks can be positive too, and in such instances, they are referred to as ‘opportunities’.

Risks (negative events) can come from various sources including uncertainty in international markets; threats from project failures (at any phase in design, construction, manufacture and production or at any other time in the project lifecycle); legal liabilities; credit risk; accidents; natural causes and disasters; deliberate attack from an adversary or events with an unpredictable root-cause.

Risks (negative (often unplanned) events of perhaps low probability but with a high impact, significance, or severity) to businesses as we understand them include things like a negative impact on production; turnover; profit; morale; absenteeism, sickness and churn of staff; an increased rate of accidents and the potential spin off of an increase in penalties, fines and prosecutions in addition to the associated negative PR and perhaps loss of opportunity to tender for future work too. In addition, the loss of belief in employees that their health, safety and welfare is at the forefront of their employers mind, or that they are even valued in that sense.

Having a Risk Assessment(s) in place is a statutory requirement of the Management of Health and Safety at Work Regulation (MHSWR) 1999.

The requirements for what business activities you will require risk assessments for should be identified in your Legal Register. A Legal Register identifies what legislation your business must comply with in order to deliver your business-as-usual activities. Risk assessments respond to Legal Register’s by demonstrating each risk has been identified; that those who may be harmed have also been identified; what the control measures are your company will implement to mitigate and manage the risks, and; how the findings will be recorded and what the arrangements for monitoring are.

The law states that a risk assessment must be ‘suitable and sufficient’ – i.e. it should show that:

  • A proper check was made;
  • You asked who might be affected;
  • You dealt with all the obvious significant risks, taking in account the number of people who could be involved;
  • The precautions are reasonable, and the remaining risk is low, and;
  • You involved your workers or their representatives in the process.

The level of detail in a risk assessment should be proportionate to the risk and appropriate to the nature of the work. Insignificant risks can usually be ignored, as can risks arising from routine activities associated with life in general, unless the work activity compounds or significantly alters those risks.

Your risk assessment should only include what you could reasonably be expected to know – you are not expected to anticipate unforeseeable risks.

A risk assessment is an examination of what could cause harm to people within a workplace, so that a practical review can be made of any existing precautions to see if they are adequate or if more needs to be done to prevent harm.

Risk assessments help to protect people as well as businesses by identifying and controlling hazards and risk which have the potential to cause harm in order to ensure life safety, legal compliance and protection of reputation.

Stonewells health and safety consultants undertake general risk assessments to identify site, task or organisation-specific risks in order to ensure health and safety legal compliance and best practice. Our assessments include an examination of health and safety management policies, procedures, arrangements and working practices. We also examine health and safety documentation of all items which require statutory inspection and testing – for example, among others, asbestos, lifting equipment and accessories, legionella, fall arrest and restraint systems, fire safety provisions (alarms, emergency lighting, extinguishers, etc…) and portable appliance testing. Our assessment also includes a physical inspection of all areas under the client or landlord’s jurisdiction, and, where appropriate, discussions with relevant persons, for example Building Manager’s, regarding all health and safety related issues.

Following our inspection and assessment a full report, complete with supporting photographic evidence of all areas of non-compliance and recommendations for any further action is produced, quality checked and then issued to our client.

An environmental compliance assessment reviews environmental management performance against all environmental legal requirements.

Stonewells environmental compliance consultants undertake environmental compliance assessments to identify site, task or organisation-specific risks in order to ensure environmental legal compliance and best practice. Our assessments include an examination of environmental management policies, procedures, arrangements and working practices. We also examine environmental management documentation of all items which require statutory monitoring – for example, among others, waste management, pollution prevention, environmental incident management, habitat and biodiversity, fluorinated gas, oil and chemical management and emergency response. Our assessment also includes a physical inspection of all areas under the client or landlord’s jurisdiction, and, where appropriate, discussions with relevant persons, for example Building Manager’s, regarding all environmental related issues.

Following our inspection and assessment a full report, complete with supporting photographic evidence of all areas of non-compliance and recommendations for any further action is produced, quality checked and then issued to our client.

All organisations face uncertainty in meeting their objectives. However, with good decision making, you can add value and protect your organisation: Risk management provides a systematic framework and process for maximising areas where outcomes can be controlled, while minimising the impact when the outcome cannot be predicted.

Who should attend our Risk Management Awareness Training course?

Anyone involved in the planning, implementing, maintaining or supervising of a risk management framework.

What will I learn?

Upon completion of the course, you will have the knowledge to:

  • Understand what risk management is and why managing risks is an essential component in any successful business;
  • Explain the key challenges and imperatives to manage risk;
  • Understand key risk management terms and definitions;
  • Identify the importance and benefits of a risk management framework to your organisation, and;
  • Recognise the principles, framework and processes for managing risks relevant to your organisation.

How will I benefit?

Our Risk Management Awareness Training Course will help you:

  • Understand the principles, framework and processes for managing risks relevant to your organisation;
  • Create and protect value in your organisation by managing risks, making decisions, setting and achieving objectives and improving performance;
  • Assist your organisation in setting strategy, achieving objectives and making informed decisions, and;
  • Understand governance and leadership roles in managing risks at all levels and functions within your organisation.