Principles for Systemic Risk Assessment and Response #risk, #emergency, #response, #crisis #PlanPreparePerform
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#Risk #Management is seen as the formal process whereby risk factors are systematically identified, assessed and provided for.
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Our comprehensive risk training program and risk reduction efforts helped an acute trust improve their risk management processes and ensure quality assurance. Learn more about our impact in our latest case study: https://lnkd.in/edeVfyJg #riskmanagement #qualityassurance #executivedirection #specialistexpertise #improvement #progress #healthcare #healthcareservices #NHS #patientcare #patientoutcomes #patientexperience #clinicalquality #healthcarequality #patientsafety
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#Compensating #Control #Business #Risk #Management Compensating controls in risk management refer to alternative measures or safeguards that are implemented to mitigate risk when the primary control measures are not feasible or effective. These controls are designed to provide an equivalent level of protection to reduce the potential impact or likelihood of risk occurring. Additionally, they act as substitutes or additional layers of security to ensure that the level of risk remains acceptable, even if the first line of defense is compromised or insufficient. Orshi Terhemba Ephraim, GGA, MTRCN, AAT, ACA Joel-Ahmed M. Mondol Huy Vu
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Risk managers seeking adaptation not mitigation as threats increase #fermaforum2024 #FERMA #riskmanagement #risk #FERMAmadrid #globalriskmanagers #emergingrisks https://lnkd.in/evPKwy-z
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What is Risk Monitoring? Monitoring to protect the future success of a business Risk monitoring is tracking and evaluating risk levels in a business. Learn more at https://rfr.bz/ll6l6xy #riskmonitoring #riskcontrol #safety #assetprotection #risktakers
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What is Risk Monitoring? Monitoring to protect the future success of a business Risk monitoring is tracking and evaluating risk levels in a business. Learn more at https://rfr.bz/ll6l6xy #riskmonitoring #riskcontrol #safety #assetprotection #risktakers
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Assessing the probability and potential impact of risk is the key to effective travel risk management and increased organisational resilience. Risk Intelligence Manager Andrew Devereux comments in Strategic Risk on how Healix utilises risk engineering to identify, manage, and prevent threat to organisations and their travelling workforce. Read our commentary in the full article 👉 https://hubs.ly/Q02BRgH90 #RiskManagement #Intelligence #TravelRisk
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Risk assessment by TOM: 1️⃣ Risk Identification 2️⃣ Risk Analysis 3️⃣ Risk Evaluation And, what happens when there is no updates for risks ? #riskassessment #riskidentification #riskanalysis #riskupdating
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Freelance EHS- Trainer || Industrial Safety || Construction Safety ||Disaster Management || ESG
"Understanding and managing risks is essential for sustainable growth. Effective risk assessment empowers organizations to make informed decisions, safeguard resources, and enhance resilience. Let’s prioritize proactive risk management for a stronger future! #RiskAssessment #BusinessStrategy #Sustainability #Infustrialsafety #Accident #investigation
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#Comparing #Functions #Risk #Performance #Indicators #Key #Control In a business organization, managing risks is essential for ensuring long-term success and sustainability. One of the key activities of risk management involves monitoring and evaluating various indicators to assess the organization's risk exposure and performance. Three commonly used indicators in this context are Risk Performance Indicators (RPIs), Key Risk Indicators (KRIs), and Key Control Indicators (KCIs). They are all important tools used for monitoring risk within an organization or business venture. While they may seem similar, they each play a unique role in identifying and managing risks effectively. In this short presentation, we will compare and contrast these three types of indicators in terms of their definitions, purposes, and functionalities. Joel-Ahmed M. Mondol
