What is Risk Management?
Risk Management (risk management) is a set of processes, activities and methods that make it possible to assess risk, that is, to identify it, to assess it and also to try to control it as best as possible, according to criteria that are acceptable for a company.
It is an approach that is specific to the company's activity. For example, a QSE manager will use risk management to manage all risks that are linked to its activity, operationally and in a normative manner. So it meets the requirements of The norm ISO 9001, 14001, 45001 And even some MASE Who also talks about risks in health, safety, environment.
Some examples of occupational risks:
Risk identification and assessment are critical aspects of Risk Management. Any business can be exposed to potential risks that can affect its financial health, its reputation, or the continuity of its operations. It is therefore important to understand the different types of risks and to determine the best management strategies to manage them.
Les different types of business risks include financial, operational, compliance, security, and reputational risks.
- Les financial risks (exchange rate fluctuations, commodity price changes, and potential losses due to inappropriate investments),
- Les operational risks (equipment failures, production interruptions, workplace accidents, and supply chain disruptions),
- Les compliance risks include non-compliance with regulations and laws,
- Security risks include data breaches, cyber attacks, and threats to the physical safety of employees and customers,
- Les reputational risks may include scandals, negative comments on social media, and public controversies.
In conclusion, a thorough risk assessment is essential for developing effective risk management strategies that can help protect businesses from potential losses and support long-term growth.
What are the benefits of good Risk Management?
La risk management has a real impact on the technical point of view, since it makes it possible to ask a large number of questions and to find the best solutions to take as few risks as possible in carrying out the project.
It also has an organizational impact, with good risk management and good methods make the whole life of a team easier. We are therefore also experiencing impacts on humans because by engaging in risk management, this generates needs, training and skills. Humanly, we enrich ourselves around the risk management.
The last impact will necessarily be economic. Everyone has known the: “The project is gone” and then suddenly we begin to realize that we have not thought about this or that. Finally, this is still a cost, we can lose money very quickly on project management.
How are risks managed?
The way in which risks are managed remains fairly typical, mainly on Excel and PowerPoint formats with a maximum of identified risks, to which we apply a quotation that gives a figure.
This means that there is really a place to offer efficient tools and improve the project risk management and of course improve project management in general.
The job of Chief Risk Officer:
La risk management is a process that should be designed and implemented by management and other business professionals. The Chief Risk Officer is the main person.
Its role is to treat and limit all risks (financial, operational, compliance, reputation) that have a strong impact on the life of the company and on its performance.
How can this management be optimized?
To optimize theRisk management in project management, with Symalean we created a solution to meet business needs. One full application which allows rapid reporting on a risk budget for a company and also a risk register, continuously updated and updated, which sticks to the identity of the company.
La Security solution allows you to facilitate and automate assessing your risks in order to best manage and reduce all of your professional risks.
It is a true collaborative tool, each operational feature allows you to detect all system malfunctions in real time, in order to be able to treat them at the source.
Finally, thanks to our mobile application, your missions in favor of risk management are facilitated. The application allows you to work in the field in real time, with or without an internet connection.
Attendance:
Kévin Pors - Founder of Manag'Risk
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