Risk management (Case Study: Develop a risk management system for a furnishing company)

INTRODUCTION When managing a business, hazards and threats, which will become risks and cause losses or damages to businesses, are always what business person care. Resulting damage of hazards and threats, which became risks, could be to the health and safety of employees, to plant, equipment or an entire installation, to the environment, to products, or to financial assets (Waring, 2001). For those effects of risks to business, this report suggests you ways to avoid/transfer; …

…Emergency Management, Volume 17, No. 2, August 2002. Published by Emergency Management Australia: Mt Macedon, Victoria. P. 30-39 SGA847 Risk Management, Learning Unit Profile, Case Study 6, Martin College Programme, Study Group Australia Pty Limited, Australia. Standards Australia 1999, AS/NZS 4360:1999 Risk Management, Pages 25-27 Waring, A & Glendon, AI 2001, Managing Risk, Thomson Learning, London, P. 3-14, P. 333-358. www.riskreport.com APPENDIX Likelihood/consequences table Table to determine the level of risk Level of risk Type of risk