Welcome to the NOSA blog

The top 11 risks of using social media in the workplace

Posted by NOSA on Sep 21, 2017 10:30:00 AM

The last few of our blogs have made it clear that there is a positive case for utilising social media in your efforts to promote and maintain a safe working environment. We always like to offer a balanced approach to every argument, which is why today we take a look at the 11 potential risks associated with using social media in the workplace.

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Topics: Risk management, Safety, HSE best practice, Safety training, HSE training, risk, HSE and social media

Enterprise risk assessment methodologies: Conclusions and strategic recommendations

Posted by Jiaqi Sun on Sep 7, 2017 11:45:00 AM

We’ve come to the end of Jiaqi Sun’s review of enterprise risk assessment methodologies. All that’s left to do is sum up what we’ve discussed, with potential recommendations.

Risk management and assessment are not new concepts and have been evolving for decades. Many methodologies and techniques originate from the military, aviation, shipping and petroleum industries, such as FMEA and bow-tie analysis. Today, they remain some of the major risk assessment tools in various industries, such as mining, manufacturing and construction.

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Topics: Risk management, risk methodologies, risk assessment

Selection criteria for risk assessment methodologies and technique

Posted by Jiaqi Sun on Sep 4, 2017 1:00:00 PM

The selection of a quantitative or qualitative techniques depends on the availability of data for hazard identification, and on the level of analysis and evaluation you need to make a confident decision. Some techniques are more suitable than others for certain situations, activities or systems. The following are key factors for the selection of risk assessment techniques or methodologies (Mullai, 2006), with additional criteria that may be added to take into account industry-specific factors:

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Topics: Risk management, risk methodologies, risk, risk assessment

The four step risk assessment process

Posted by Jiaqi Sun on Aug 31, 2017 12:30:00 PM

Source: United States Environmental Protection Agency (EPA)

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Topics: Risk management, risk methodologies, risk, risk assessment

The impact of risk… continued

Posted by Jiaqi Sun on Aug 28, 2017 10:15:00 AM

After a brief diversion in terms of our blog’s subject matter, today we return to Jiaqi Sun’s review of enterprise risk assessment methodologies, continuing with the section of risk and its impact.

Read Impact of Risk by clicking here

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Topics: Risk management, risk methodologies, risk

The impact of risk

Posted by Jiaqi Sun on Aug 17, 2017 11:20:00 AM

 

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Topics: Risk management, risk methodologies, risk, risk assessment

Dissecting methods of risk analysis and their efficacy

Posted by Jiaqi Sun on Aug 14, 2017 10:45:00 AM

 

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Topics: Risk management, risk methodologies, risk, risk assessment

Risk analysis and evaluation unpacked

Posted by Jiaqi Sun on Aug 10, 2017 12:30:00 PM

 

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Topics: Risk management, risk methodologies, risk, risk assessment

Your risk assessment in 3 levels

Posted by Jiaqi Sun on Jul 31, 2017 11:30:00 AM

 

In line with the ISO 31000 standards, a risk assessment methodology is part of the risk management process and uses a combination of:

  • identification
  • analysis, and
  • evaluation techniques.
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Topics: Risk management, risk methodologies, risk assessment

Methodology evolvement and industry trends

Posted by Jiaqi Sun on Jul 24, 2017 11:20:00 AM

With the increasing availability of big data and sophisticated software analytics, such as machine learning, modern risk assessment are automated and easy to use for people who have limited technical knowledge on risk management. The outcome of risk assessment will become more accurate due to the access to large-size samples. For example, Deloitte has developed a continuous risk assessment tool as an enhancement of its traditional risk assessment processes through the inclusion of quantitative metrics i.e. key risk indicators, to better assess the risk universe. ORM has moved away from traditional risk assessment towards risk-based strategic decision making.

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Topics: Risk management, risk methodologies, risk

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