Understanding risk to build and optimize
risk management and preparedness programs.
Fires, hurricanes, workplace violence, supplier failure, and terrorism—the list of potential hazards is long. Casualties, property damage, business interruption, environmental contamination, customer defection, and regulatory scrutiny—are some of the potential impacts that could challenge your organization. What’s the likelihood that one of these hazards or others will impact your organization? What are the vulnerabilities that would contribute to greater losses? What can be done to minimize risk? An "all-hazards" risk assessment should answer these questions.
Managers make frequent decisions to accept, avoid, transfer or finance risk. Safety and security professionals build loss prevention and hazard mitigation programs. Emergency managers and business continuity practitioners build preparedness programs. Understanding hazard and operational risks—their likelihood and potential impacts—is a prerequisite for effective risk management. Loss prevention, hazard mitigation, emergency management, and business continuity programs require an in-depth understanding of potential risk. Completing a thorough risk assessment that answers the following questions is the only way to gain that understanding.
Preparedness, LLC can conduct a risk assessment to identify potential threats and hazards and their impacts; assess the adequacy of loss prevention, security, and hazard mitigation programs; provide detailed recommendations and specifications to minimize risk; and compile information to provide an integrated, multi-site and multi-department view of risk within the organization.