Qudos System 3 Guided Tour - Risk Assessment

Managing the risks that face your organisation

The Problems...

When disaster strikes, questions are inevitably asked:

"Could this have been avoided?"
"Why wasn't a risk assessment carried out?"
"Didn't they know that might happen?"

..and disaster has a habit of striking - somewhere, sometime.

There are many and various risks facing organisations in their operations, and these might include:

Physical harm

Environmental pollution or damage

Financial loss or missed opportunity

Theft or fraud

Loss of intellectual property

Project or product failure

Adverse publicity

Dissatisfied customers

Legal or regulatory action

Political reaction

The greatest risk of all is doing nothing - not considering and treating risks in the hope that they won't happen to you.

While no organisation can operate in a risk-free environment, the management of risk can make that environment safer, cleaner, more profitable, and able to deliver many other benefits to owners, employees, customers and other interested parties.

There is a growing recognition of the need for risk management, but to date very few tools to effectively implement it into an integrated management system.

The Solution...

Qudos offers a genuine solution for incorporating consideration of risk into any aspect of your organisation's decision-making processes - combining plain-English training material with a searchable database, links to documents to communicate your business rules, and action plans to treat any risks identified.

Each Risk Assessment may be categorised according to its main issue e.g Health & Safety, Physical security, Tendering, Food safety etc.

For each hazard or threat identified, values of likelihood and consequence are selected. The software uses the well-established matrix method to automatically quantify the risk:

Likelihood x Consequence = Risk Level

To get you started, all levels, codes and descriptors for your matrix are provided (based on the AS/NZS 4360 Risk management standard) - For maximum flexibility, these are all user-definable!

Up to 100 separately tracked Action plans (for planning control measures) may be generated for each hazard / threat considered.

A Master Assessment may be created in each user-defined category. This saves time in data entry - while enabling the desired level of consistency in approach.

Your risk database will become a valuable asset - In the Risk Register, you may generate reports based on your specified criteria - across numerous individual risk assessments. Helping you to achieve consistency and better prioritise resources.

Screen shot extract from a Risk Assessment Form

Screen shot of part of a Risk Assessment Form

A Sample Procedure for communicating business rules for risk assessment is included. This may be customized using MS Word or equivalent. Other support material includes a dedicated Training Presentation on the subject.

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