Risk Management Consultant Sydney

Risk management involves identifying existing and potential hazards to the safety, resources and profitability of your business and taking steps to mitigate those hazards. 

Good risk management is more than simply preparing a risk management plan. Risk management should be a continuous process of identifying business risks, then creating and implementing policies and processes that minimise or eliminate those risks. An effective risk management system should ensure staff safety while also protecting the business’s resources.

There are four basic steps involved in creating a risk management plan:

1. Identify hazards
2. Assess risks
3. Control risks
4. Review control measures

Risk management is about managing your business’s safety and security in a holistic way. The risk management process works on the basis that risks are inevitable in any workplace and proactively identifies, assesses and reduces the chance of those risks impacting the business. 

No matter what industry you work in, every business carries inherent risks. Fortunately, there are logical ways to manage those risks and minimise their impact on your business. At BusinessBasics we offer risk management for Sydney businesses encompassing the following risk factors:

• Safety risk management
• Financial risk management
• Business risk management
• Environmental risk management

None of us likes to think we’re vulnerable to risks, but the reality is that there are dozens of potential hazards to your business which could cause physical or financial harm. Risk management is the process of proactively seeking out current and potential risks and putting in place measures to minimise their impact on your business. 

Not only will risk management help your business reduce the chance of hazards impacting your business, it will also save you money, safeguard your resources and enhance your company’s public image. 

Without proper risk management, your business is left exposed. Putting in place strategic risk management processes ensures that you are as forewarned as possible about potential risks to your business’s safety and profitability.

Learn more about the benefits of risk management

The different aspects of a risk assessment management plan can have far-reaching benefits for your business. For instance, not only does a health and safety risk management strategy protect your staff from physical and mental harm, it also ensures the profitability of your business by reducing downtime and costly payments. Meanwhile, financial risk management can help you foresee any potential risks to your business’s finances and help you prepare for damaging financial events. 

Every organisation is expected to provide a physically and mentally safe working environment for its employees. Risk management is often impacted by WHS regulations as they dictate the regulations of what is required to make a workplace safe along with what is and isn’t acceptable practice. 

Our dedicated risk management consultants can help you navigate all the responsibilities and requirements your business must comply with. But we don’t stop there. We’ll go beyond compliance to show you how to make your business more profitable with smart risk management strategies that contribute to your company’s financial security.

Businesses of every shape, size and sector can benefit from risk management. No matter what industry you’re in, our experienced risk management consultants can help you minimise risks and improve your business processes. Our risk management specialists can provide the following services:

• Organisation-wide risk management
• WHS risk management
• Environmental risk management
• Financial risk management – organisation-wide or process-specific
• Operational risk management
• Business risk assessment

At BusinessBasics we take the stress and confusion out of risk management. Managing your company’s risks and achieving compliance doesn’t have to be a huge drain on your time. With our clever risk management systems, you can implement easy, actionable and automated processes which make your risk management both comprehensive and straightforward. 

Our risk management process

Many businesses don’t invest in risk management, leaving themselves exposed to the impacts of financial, operational and physical hazards. Most of the time this is due to a lack of understanding about the importance of risk management, or a lack of time and resources for implementing proper risk management. At BusinessBasics, we can solve both those problems. 

Our risk management consultants will show you in real terms the enormous value risk management can bring to your business and take the burden of risk management off your shoulders, freeing up more time for you to spend running your business. 

Our risk management consultancy process involves the following steps:

1. One of our experienced Sydney risk management consultants with in-depth knowledge of your sector will analyse your business, its current processes, and current and potential risks
2. We’ll work with you to develop a comprehensive risk management process and implement smart risk management solutions
3. We’ll ensure your business has the relevant systems in place to create a safe, profitable working environment

Get in touch with us at BusinessBasics today to find out how we can help you manage business risks with ease and efficiency.

Effective risk management systems need to be accessible and practical. They have to be more than just a list of processes and procedures gathering dust on a shelf and not finding their way into everyday use. Many businesses create solid risk management plans but fail to implement them effectively — this is where Mango HSEQ management software comes in. 

Mango provides simple, user-friendly methods for identifying, recording and controlling business risks.

Mango is a cloud based HSEQ management system which integrates risk management system documentation through online forms, registers and workflows. Your employees can access and input information into this system through a user-friendly app, making your risk management plan instantly accessible and visible to your staff.

Mango’s risk management module provides an easy online process for employees to report risks. This paperless process eliminates the need for hard copies which can easily get lost, double handled or forgotten. Once risks are identified they’re then listed in risk registers which are available to all staff. 

Mango streamlines your risk management process and stores all your documentation and processes in one easily accessible location. With Mango you can:

• Control business risks
• Integrate risk recording and assessment systems
• Use client-defined rating systems
• Eliminate information double handling 
• Prevent data loss 
• Integrate external information such as MSDS, regulations and websites relating to a risk on the register
• Set review periods for risk registers
• Set up automatic reminder emails for reviews
• Display and update risks with a convenient central control panel
• Make information available to employees online at all times
• Monitor pending actions on the home screen
• Create automated charts
• File and store incident report forms
• Generate registers
• Conduct incident investigations 
• Store employee assessments and skill documentation
• Receive expiry notifications on employee documentation
  

Put simply, Mango is a streamlined integrated management solution that will make risk management easy, thorough, practical and accessible to all staff.