What is Risk?

Risk is something or some one likely to cause harm. Harm includes injury, loss or damage.

Risk is part of our natural environment. It is in all businesses and all forms of life.

Risk is so braod a subject that it can include everything, every activity, and decision making.

The answer is to build into the business an effective risk management programme, that is regularly audited and monitored.

It is often unrealistic to completely eliminate risk as there may arise unknown factors caused by unseen inputs that have a knock on effect.

However, well tried risk management tools, coupled with a monitoring and self audit programme, will manage risk to it’s lowest level.

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