Risk Management

Risk is inherent in everything we do, wether it be riding a bicycle, managing a project, dealing with clients, determining work priorities, purchasing new systems and equipment, taking decisions about the future or deciding not to take any action at all.

We manage risks continuously, sometimes consciously and without sometimes reeling it. The need to manage risk systematically applies to all organisations and individuals and to all functions and activities within an organisation. The need should be recognised as of fundamental importance by all managers and staff.

Risk Management is an integral part of good business practice and quality management. Learning how to manage risk effectively enables managers to improve outcomes by identifying and analysing the wider range of issues and providing a systematic way to make informed decisions.

South Seas Inspection approach to Risk Management is to set in place an iterative process of defining and assessing risks, and performing preventative or corrective actions, to run throughout the lifetime of a project.