Welcome to the SafetyCloud Blog

Risk analysis and evaluation unpacked

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

 

Read More

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

Defining and identifying risk

Posted by Jiaqi Sun on Aug 7, 2017 11:15:00 AM

 

Read More

Topics: risk methodologies, risk, risk assessment

Overview of risk assessment techniques

Posted by Jiaqi Sun on Aug 3, 2017 11:30:00 AM

For both quantitative and qualitative approaches, a wide range of techniques exist as illustrated in the chart below (please refer the American Bureau of Shipping (2000) for more details). Each technique has its own:

Read More

Topics: 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.
Read More

Topics: Risk management, risk methodologies, risk assessment

Risk assessment methodologies and techniques by category and industry

Posted by Jiaqi Sun on Jul 27, 2017 11:00:00 AM

View Courses

Under modern occupational risk management (ORM), the primary differences between risk assessment and risk measurement are:

  • the types of data used, and
  • the way parameters are derived.

 

Where sufficient hard data is available, risk measurement is often more reliable than risk assessment. However, developing a theoretically valid method of combining hard data and soft data is a very difficult process (OpRisk Advisory and Towers Perrin, 2010).

 

Read More

Topics: risk methodologies, risk by industry, 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.

Read More

Topics: Risk management, risk methodologies, risk

An overview of current risk methodologies

Posted by Jiaqi Sun on Jul 20, 2017 11:30:00 AM

 

Read More

Topics: Risk management, risk methodologies, risk

How to select and adapt risk assessment approaches and methods

Posted by Jiaqi Sun on Jul 17, 2017 10:30:00 AM

Our Market Researcher, Jiaqi Sun, has put together research to provide an overview of commonly-used risk assessment approaches and processes to manage hazard, operational and strategic risks. Over the next series of blogs, we will drill down into:

Read More

Topics: Risk management, risk methodologies, risk

Evaluating your HSE training’s effectiveness

Posted by NOSA on Jul 13, 2017 11:00:00 AM

Almost there, and this is the last active step you’ll take when it comes to rolling out your health and safety training. Today we’re talking evaluation. And why is it so important?

Read More

Topics: work safety, HSE, training, Safety training, HSE training

Implement your HSE training in 7 steps

Posted by NOSA on Jul 10, 2017 11:00:00 AM

 

Read More

Topics: work safety, training, Safety training, HSE training, training programme

Subscribe to Email Updates

Recent Posts

Subscribe to OHSEQ updates