Risk Management

Four steps to better control over risks

1. Management lays foundations for the system and aligns with business goals

2. Management defines and teams identify hazards for core business processes

3. Teams screen hazards with criteria that define risk tolerance and appetite

4. Implement changes to core business processes and sytems

Assessing risk at a power dam

Phone 905-271-6262

Click here to email Phil

I help companies big and small set up integrated risk management systems for managing operational risk.

The goal is to identify, assess and control all operational risks with the same system. This system covers the following types of risk:

• Public safety
• Employee safety
• Asset and equipment failure
• Environmental risks
• Reliability 
• Operations

My clients come from energy, utility, mining, food, pulp and paper, aviation and similar industries.

I also help my clients design audit programs, develop tools for measuring risk, and help them build information technology tools such as databases for tracking risks and incidents.

Within six months, we had quantified the risk associated with each of the 200 oil-containing systems. John Hawkins, Nova Scotia Power.

Integrated Risk Management has helped us identfy, prioritize and control our hazards in a systematic, efficient manner. Why would you want more than one system to manage all the risks in your business? Don Thorne, CEO, Milton Hydro Distribution Inc.