The definition of risk is "The chance of something happening that will have an impact on objectives".
Risk Management is a 'whole of business' function, it is not simply a risk assessment or a risk review these are only part of the process of risk management. Not all risk is 'bad risk' some risk is 'good risk', these are known as opportunities - in business it is as well to identify opportunities as it is to mitigate adverse risk.
In occupational health and safety there are broad legal obligations to use the principals of risk management. If there is an incident or an event in the workplace management would find it difficult to defend a prosecution if there were not an adequate risk management system in place.
At Alpha Safety Management we assist organisations and projects in identifying and managing latent and entropic* risks that are present in all operational systems before an incident or event occurs.
* 'Entropy' is defined as a measurement of degradation [Fowler, F.G and H.W. (eds) (1986) The Oxford Handy Dictionary. Chancellor Press, London.] This term is used by Alpha Safety Management to describe the degradation of an organisations processes and systems.
Our key areas of expertise are:
* Hazard & Operability (HAZOP) Study Facilitation - as accredited HAZOP Leaders
* Lead BowTie risk assessment facilitation and reporting
* Facilitation of Construction Risk Assessment Workshops (CRAW's) & Construction Hazard
Assessment Implication Reviews (CHAIR's)
* Integrated risk management systems development
* Business excellence framework
* Enterprise Risk Management (ERM)
* Design Risk Reviews (Basis of Design & Conceptual Design Review)
* Qualitative & Semi-Quantitative Risk assessments (SQRA's)
* Hazard identification & risk mitigation
* Risk quantification and strategy development