5. Risk management The identification, analysis and response to the risk elements integral to the business’s operations are all part of risk management. Effective risk management involves acting proactive rather than reactively in order to influence the future of circumstances as much as is feasible. Therefore, effective risk management can be used to decrease the probability of a disaster occurring and the potential negative consequences. Risk management frameworks […]

InstructionsAs the Environmental Health and Safety (EHS) professional for a manufacturing company,you have just completed the quarterly inspections and have found hazards. Because yourresources (both financial and human) are limited, you must complete a risk assessment todetermine which hazards have a higher priority for mitigation. Use the quantitative riskassessment method outlined in the unit lesson, and explain why this method is the bestchoice for assessing […]