How do you assess the safety risks of your critical business processes?
Safety risks are potential hazards that can harm your employees, customers, assets, reputation, or operations. They can also disrupt your critical business processes, which are the essential activities that deliver value to your stakeholders and enable your business continuity. How do you assess the safety risks of your critical business processes and prepare for potential disasters? Here are some steps you can follow to identify, analyze, evaluate, and mitigate your safety risks.
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Evaluate risks:Assess each potential hazard’s impact and likelihood within your processes. By aligning them with industry norms and company policy, you can spot what exceeds your risk appetite and needs attention.
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Continuous monitoring:Keep a vigilant eye on your risk assessment process. Regular reviews and updates based on new data or feedback can help you stay ahead of emerging risks and ensure safety remains a top priority.