Effective leaders and line managers know the risks their organisations face, rank them in order of importance and take action to control them.
The range of risks goes beyond health and safety risks to include quality, environmental and asset damage, but issues in one area could impact in another. For example, unsafe forklift truck driving may have a service or quality dimension as a result of damage to goods.
A risk profile examines the nature and levels of threats faced by an organisation. It examines the likelihood of adverse effects occurring, the level of disruption and costs associated with each type of risk and the effectiveness of the control measures in place.
Although you may not use these precise terms, you will most likely have built a risk profile that covers: