Who Owns Risk Management in the Workplace

Risk Management in the workplace is the duty of owners and occupiers of any premises used as a place of work. It doesn't have to be rocket science, and can be easily simplified into a four step process.

This process is aimed at reducing the likelihood and severity of an incident, and can be applied equally in both private life as well as the workplace.

A successful risk assessment requires the process to be thorough, methodical with clear actions, owners and timeframes. Plans and actions need to be documented and outcomes monitored.

Control methodology should be reviewed as appropriate, and repeat the cycle periodically.

What is Risk Management?

Risk Management is a logical, step-by-step process of identifying hazards, assessing the risk associated with those hazards, eliminating or controlling those risks, as far as practicable, and monitoring and reviewing risk assessments and control measures. The objective of this process is to improve workplace health and safety by addressing problems before injuries and incidents occur. It is a logical 4 step process.

Step 1 - Identify Hazard

Step 2 – Assess Hazard

Step 3 – Control or Eliminate the hazard

Step 4 – Monitor or review the control methodology