Be Prepared

 Prepare for the worst, enjoy yourself when it does not happen.

Being an old Boy Scout I live the motto "Be Prepared."

Basic tenants of risk management:

The more valuable the people/property in your care, the more intense the risk management practices.

The greater the likely risks, the more intense the risk management practices.

(We are always stunned when businesses on flood plains do not prepare for, ...... floods.)

 

Basics of Risk Management

 Repost

The basics of risk management, first post

*  list all possible risks to your organization  (weather, accidents, regulatory, fire,  misconduct, etc.)

* assign probabilities to those risks, in other words, which are the most likely occur to your business, in your location, with your product, with your workforce

* take steps to prevent the risks, take steps to minimize the risks, take steps to         insure the risks