Risk Analysis

A fire broke out in the warehouse where my nephew works and the blaze damaged some of their equipment, good thing the firefighters was prompt and was able to control the blaze. Some of the workers suffered from minor cuts and bruises also eye irritation from the smoke. This incident prompted their director to implement risk management in their organization. I work in an ISO certified company and we implement risk management in our organization. By determining the level of risk associated with the hazard we can decide what precautions or control measures is required. To those who can relate what are your methods and procedures in developing risk assessment? We also want to improve our efficiency in monitoring our established risk control plans and I want to impart this to my nephew also.

Okay in the company, I worked with, I notice that they have considered an Enterprise risk management software. It is reliable to monitor and manage a business risks in using one unified system.