Benefits of Risk Management

SUCCESS ‐ a problem solving management tool to improve success in projects and processes;

LOSS CONTROL ‐ The benefits of focussing stakeholders on loss control activities;

EMPOWERMENT ‐ providing a bottom up input to the business;

TQM ‐ improve or structure Total quality Management activities;

LEARNING ‐ development of cross disciplinary learning and understanding;

SYSTEMS ‐ a better understanding of the system and its installation;

COMPARISON ‐ comparison of risks to those of alternative systems or technologies;

VISIBILITY ‐ identification and communication of risks and uncertainties.