| Risk Management and Hazard Identification
integrum has powerful tools for risk management:
The Key Steps in Risk Management:
- Establish the Context of your organisation. integrum has a tool for documenting the key activities products and services of an organisation from both a strategic and organisational perspective.
- Identify Risks. From these defined activities products and services, an analysis of the associated Risks (opportunities and Losses) can be identified and documented. Organisations can associate specific Aspects and Hazard to each activity, product and service.
- Analyse Risk. Each of these identified aspects and hazards then need to be assessed further to establish their frequency and severity. integrum enables organisations to create multiple impact and risks associated with the defined aspects and hazards.
- Evaluate Risk. Each impact and risk needs to be ranked and prioritised for action. integrum has sophisticated risk assessment tools to evaluate each
- impact and risk and determine a priority score and rank.
- Treat Risks. Once the impact and risk has been evaluated, control measures can be applied to the reduce the rank and score. When this has been completed satisfactory, the status of the impact and risk can be set to managed. Only when all associated impacts and risks are managed, can the status of the aspect or hazard be set to managed.
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