Risk Management Consultant Brisbane

Risk management is the process of identifying potential risks to your company’s safety, resources and profitability and taking steps to minimise those risks. 

Good risk management goes beyond simply creating a risk management plan. Risk management is an ongoing process of identifying business risks and developing and implementing processes that minimise or eliminate those risks. An effective risk management system helps ensure staff safety while also protecting business resources.

A risk management plan is a documented account of the risks associated with your business. It will usually be completed at the beginning of a project or as part of a regular internal safety audit. It assesses the risks related to your business’s processes and recommends ways to mitigate those risks before they become a danger to staff and resources. 

There are four steps in the risk management planning process:

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

Risk management is a holistic way to approach the safety and security of your business. The risk management process accepts that risks are unavoidable in every workplace but works proactively to identify, assess and reduce the chance of those risks occurring. 

All businesses carry inherent risks, but there are ways to approach those risks in an informed manner that reduces the chance of those risks impacting your business. At BusinessBasics we offer risk management on a range of risk areas Brisbane businesses face including:

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

A risk management strategy that focuses on safety, financial, business and environmental risk management can have far-reaching benefits for your business. Not only will it help your business reduce the risk of hazards impacting your business, it will also save you money, safeguard your resources and enhance your company’s public image. 

As a business owner, without risk management compliance your business is exposed. Risk management is the process of protecting your business, staff and assets against likely and unlikely future hazards.

Nothing is certain in life, and especially not in business. Putting in place strategic risk management processes ensures that you are as forewarned as possible about the potential hazards to your business’s safety and profitability. Plus, with ongoing optimisation of your risk management processes, you can continually improve your business. 

Read our blog discussing the benefits of risk management. 

Benefits of risk management

Not only does a 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. Financial risk management can help you foresee any potential risks to your business’s finances and help you prepare for damaging financial events. 

Organisations are expected to provide a safe environment for workers. Work Health and Safety (WHS) regulations often play an instrumental part in risk management as WHS governs the regulations behind what’s an acceptable workplace practice and what is not.

At BusinessBasics we’ll help you navigate all the responsibilities and requirements you as a business owner need to comply with. We’ll also go beyond compliance and show you how to make your business more profitable with risk management that makes your company more financially sound.

Our highly experienced risk management consultants can assist with risk management processes for any organisation. We work with businesses of all sizes, from small businesses to large enterprises. Whatever the size or sector of your business we can provide the following risk management 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

Our mission is to make risk management as simple as possible. Our risk management systems are designed to make risk management easy and actionable with automated processes that free up your time and spare you from tedious risk management tasks.

Our risk management process

Many businesses don’t bother with risk management as they don’t see the value in it or can’t find the time to invest in creating a risk management plan. Our risk management consultants will solve both those issues for you by creating a comprehensive risk management strategy for you that saves you both time and headspace. 

Our risk management consulting process involves the following steps:

1. One of our experienced consultants with expertise in your sector will analyse your business and its current processes 
2. We’ll work with you to develop a comprehensive risk management process 
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 easily and efficiently.

For a risk management system to be effective it needs to be so much more than a passive list of processes and procedures. Many organisations create a strong risk management plan, but without visibility and clear, actionable processes the plan can only take them so far. This is where Mango steps in.

Mango provides easy, accessible methods for identifying, recording and controlling 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. 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:

• Easily control business risks
• Integrate risk recording and assessment
• Use client-defined rating systems
• Eliminate double handling of information
• Prevent data loss and mishandling with entirely digital information
• 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
• Store and fill out incident report forms
• Generate registers
• Conduct incident investigations 
• Store employee documentation of assessments and skills 
• Receive expiry notifications on employee documentation

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