Safety and Risk Management (SRM)

Safety and Risk Management (SRM) from Time & Motion Pty. Ltd

By: Time & Motion Pty. Ltd  09-Nov-2011
Keywords: Risk Management, Business Consultants, Business Process

Risk is ultimately and finally a cost. A certain amount of risk will be realised as loss in any period. Thus, at year-end, risk is a cost to a business or organisation. This is a cost that in many cases is not even accounted for, and in other cases it isn't adequately accounted for. By understanding risk as a cost, it can be accommodated as a manageable expense. The process of converting undefined and unrealised exposure liability into accountable cost that can be budgeted is the purpose of SRM practice. By embracing risk management rather than neglecting it, risk becomes resiliency, the business or organisation becomes more robust and prepared, and the unknown becomes a tangible operational and financial factor.

Keywords: Business Consultants, Business Process, Business Research Services, Information Research Services, Methodologies, Process Management, Risk Exposure Management, Risk Management, Workflow Management,

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