• Helps in communicating clearly the philosophy of the company concerning risk management.
• Helps in ensuring that the company is proactive in its risk management functions and not just managing crises when they arise.
• Helps in setting a benchmark for measuring the effectiveness of the risk manager and risk management department.
• Helps in ensuring long term objectives are thought out.
• Helps in focusing attention on the work of the risk management department, and its relationship to other sections.
skilled writter answered the question on April 27, 2018 at 17:46
-
Explain four types of hazards
(Solved)
Explain four types of hazards
Date posted:
April 27, 2018
.
Answers (1)
-
Explain the categories of risks
(Solved)
Explain the categories of risks
Date posted:
April 27, 2018
.
Answers (1)
-
Differentiate between risk and uncertainty
(Solved)
Differentiate between risk and uncertainty
Date posted:
April 27, 2018
.
Answers (1)
-
State the contents of a risk register
(Solved)
State the contents of a risk register
Date posted:
April 27, 2018
.
Answers (1)
-
Explain the process of preparing the HAZOP study.
(Solved)
Explain the process of preparing the HAZOP study.
Date posted:
April 27, 2018
.
Answers (1)
-
Name the factors leading to the success or the failure of the HAZOP.
(Solved)
Name the factors leading to the success or the failure of the HAZOP.
Date posted:
April 27, 2018
.
Answers (1)
-
Describe the different information gathering techniques of identifying risks.
(Solved)
Describe the different information gathering techniques of identifying risks.
Date posted:
April 27, 2018
.
Answers (1)
-
Discuss the internal risk identification checklist.
(Solved)
Discuss the internal risk identification checklist.
Date posted:
April 27, 2018
.
Answers (1)
-
Describe the external risk identification checklist.
(Solved)
Describe the external risk identification checklist.
Date posted:
April 27, 2018
.
Answers (1)
-
Describe how one should conduct an inspection
(Solved)
Describe how one should conduct an inspection
Date posted:
April 27, 2018
.
Answers (1)
-
Describe how inspections in an organization should be conducted.
(Solved)
Describe how inspections in an organization should be conducted.
Date posted:
April 27, 2018
.
Answers (1)
-
Describe the meaning of physical inspection and the various forms of inspection.
(Solved)
Describe the meaning of physical inspection and the various forms of inspection.
Date posted:
April 27, 2018
.
Answers (1)
-
Name the factors that one should consider when selecting approaches to risk identification.
(Solved)
Name the factors that one should consider when selecting approaches to risk identification.
Date posted:
April 27, 2018
.
Answers (1)
-
Briefly outline the three main purposes of the risk register.
(Solved)
Briefly outline the three main purposes of the risk register.
Date posted:
April 27, 2018
.
Answers (1)
-
Highlight four demerits of indirect production
(Solved)
Highlight four demerits of indirect production.
Date posted:
April 27, 2018
.
Answers (1)
-
Explain three types of production cost
(Solved)
Explain three types of production cost.
Date posted:
April 26, 2018
.
Answers (1)
-
Outline four benefits of proper filing to an organisation?
(Solved)
Outline four benefits of proper filing to an organisation?
Date posted:
April 26, 2018
.
Answers (1)
-
Why have banks found it necessary to start customer care department?
(Solved)
Why Have banks found it necessary to start customer care department?
Date posted:
April 25, 2018
.
Answers (1)
-
Highlight four benefits that would accrue to a firm located near other existing firm.
(Solved)
Highlight four benefits that would accrue to a firm located near other existing firm.
Date posted:
April 25, 2018
.
Answers (1)
-
Outline four circumstances under which face to face communication may be ineffective.
(Solved)
Outline four circumstances under which face to face communication may be ineffective.
Date posted:
April 25, 2018
.
Answers (1)