Workplace health and safety is integrated with the overall risk management
strategy to ensure that risks and hazards are always identified and reported.
Measures must also be taken to reduce exposure to the risks as far as possible.
f Stakeholder management – includes identifying, establishing and
maintaining the right relationships with both internal and external
stakeholders.
f Client-customer relationship – potential loss of clients due to internal and
external factors.
f Strategic – includes the planning, scoping, resourcing and growth of the
business.
f Technology – includes the implementation, management, maintenance
and upgrades associated with technology. Extends to recognising critical IT
infrastructure and loss of a particular service/function for an extended period
of time. It further takes into account the need and cost benefit associated
with technology as part of a business development strategy.
Knowing your risk categories can assist you in risk planning and communicating
risk information. They provide a structure for identifying risk and are often
initially identified through a brainstorming exercise.
In addition, understanding categories assists business owners to select the best
tools and techniques for risk identification and analysis.
For example, if a particular risk category is technical in nature, the risk
identification methodology used will involve significant research and collection of
existing information about risk exposure. A risk category with a more strategic
focus, such as commercial risk, may involve a structured workshop or exercise