What is risk assessment
A risk assessment can help companies identify and prepare for potential risks in order to avoid serious consequences down the road.
How to set up a risk assessment
Before creating a risk assessment, we must set up the risk matrix and review period. If you need instructions on how to set up the risk matrix, this article will be helpful:
Once the risk matrix has been set up, you can create a risk assessment in Risk Assessment which stays under DOCUMENTS. There are two places where you can create a risk assessment:
Master Risk Assessment: This section allows you to create risk assessments for multiple sites. You can apply a filter to search for the risk assessments of a specific department.
Location Risk Assessment: This section allows you to create risk assessments for the sites you have access to, as well as adopt the risk assessments released by higher management. You can apply a filter to search for the risk assessment of a specific location.
In this example, we are going to create a global risk assessment.
Go to Master Risk Assessment in Risk Assessment.
Click on Add Risk Assessment.
Complete the important fields, including name, description, department, completed at, and affected people. Then click Save & Continue.
Allow Early Review: Enables managers to review the risk assessment before the due date.
Go to the Hazards tab and add hazards. You can click on View Risk Matrix to review the risk outcome bands.
Move to the Control tab where you can add controls. You can tick the Apply to Control? box to link the control to the relevant hazard.
Once the controls are linked to the hazards, you can go to Risk Analysis and alter controlled parameters.
You can go to Comments and add comments to the risk assessment to discuss changes or improvements.
You can also set up triggers to notify team members on specific events.
Once the risk assessment is ready, you can select the locations and publish it. If the risk assessment is not published, it remains in draft form, allowing you to make edits.
Good to know
After a risk assessment is published, it can no longer be edited.
If you are creating a risk assessment in Location Risk Assessments, you must define 'Completed at' before selecting the 'Owner Location'.
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