Risk management the easy way

Every organization runs risks. And if you don’t pay enough attention to risk management, your organization stands a chance of suffering damage or loss. Moreover, quality certificates can be withdrawn and even penalties and fines can be imposed. So the probability of a risk should be reduced as much as possible and preferably avoided.

Types of Risks in Risk Management

There are numerous different types of risk that can be identified. The first important division you could make is between internal and external risks. Internal risks are the ones you have the most influence over, especially to be able to prevent them. Think of hazards that arise as a result of employee misconduct. With external risks, your own sphere of influence is more limited and you can usually only take measures to limit the consequences. Think of the bankruptcy of a preferred supplier or a pandemic. In addition, there are more and more risks with major consequences as a result of new laws and regulations.

Limit the consequences, avoid danger

Since risks can lead to far-reaching, undesirable consequences for the continuity of the organization, you want to avoid them as much as possible. It sounds obvious, but how do you do that? With Comm’ant. In 3 steps:

1. Map out the business operations

Comm’ant Process gives you insight into the most important process chains (such as Order-to-Cash), processes and transfer moments. Which systems are used, who is responsible, which performance agreements are in place, what requirements and knowledge is needed?

2. Conduct a risk assessment

In Comm’ant Process you critically examine the processes and underlying transfer moments, by asking the right questions regarding the hazard, the probability and the impact if things go wrong. The risk of harm and the consequences determine the need for appropriate action.

2.Develop and implement management measures

The Comm’ant roadmap helps you devise effective measures. In Comm’ant Process you implement the measure and organize the exercise and testing. Monitoring, inspection, evaluation and learning are handled with Comm’ant Forms. Comm’ant = Control.

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