Risk Management - What is your organisations appetite for risk and risk management? Assistance in compiling risk assessments at all levels
Safety Training Association (STA) Risk management systems aim to recognise, assess, and prioritize risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Safety Training Association (STA) Risk management’s objective is to assure uncertainty does not interfere with business objectives. There are two types of events i.e. negative events which can be classified as risks while positive events are classified as opportunities. Various risk management standards have been developed such as ISO standards. Risk management is an intricate part of any business.