• Helps in communicating clearly the philosophy of the company concerning risk management.
• Helps in ensuring that the company is proactive in its risk management functions and not just managing crises when they arise.
• Helps in setting a benchmark for measuring the effectiveness of the risk manager and risk management department.
• Helps in ensuring long term objectives are thought out.
• Helps in focusing attention on the work of the risk management department, and its relationship to other sections.
skilled writter answered the question on April 27, 2018 at 17:46
- Explain four types of hazards(Solved)
Explain four types of hazards
Date posted: April 27, 2018. Answers (1)
- Explain the categories of risks(Solved)
Explain the categories of risks
Date posted: April 27, 2018. Answers (1)
- Differentiate between risk and uncertainty(Solved)
Differentiate between risk and uncertainty
Date posted: April 27, 2018. Answers (1)
- State the contents of a risk register(Solved)
State the contents of a risk register
Date posted: April 27, 2018. Answers (1)
- Explain the process of preparing the HAZOP study.(Solved)
Explain the process of preparing the HAZOP study.
Date posted: April 27, 2018. Answers (1)
- Name the factors leading to the success or the failure of the HAZOP.(Solved)
Name the factors leading to the success or the failure of the HAZOP.
Date posted: April 27, 2018. Answers (1)
- Describe the different information gathering techniques of identifying risks.(Solved)
Describe the different information gathering techniques of identifying risks.
Date posted: April 27, 2018. Answers (1)
- Discuss the internal risk identification checklist.(Solved)
Discuss the internal risk identification checklist.
Date posted: April 27, 2018. Answers (1)
- Describe the external risk identification checklist.(Solved)
Describe the external risk identification checklist.
Date posted: April 27, 2018. Answers (1)
- Describe how one should conduct an inspection(Solved)
Describe how one should conduct an inspection
Date posted: April 27, 2018. Answers (1)
- Describe how inspections in an organization should be conducted.(Solved)
Describe how inspections in an organization should be conducted.
Date posted: April 27, 2018. Answers (1)
- Describe the meaning of physical inspection and the various forms of inspection.(Solved)
Describe the meaning of physical inspection and the various forms of inspection.
Date posted: April 27, 2018. Answers (1)
- Name the factors that one should consider when selecting approaches to risk identification.(Solved)
Name the factors that one should consider when selecting approaches to risk identification.
Date posted: April 27, 2018. Answers (1)
- Briefly outline the three main purposes of the risk register.(Solved)
Briefly outline the three main purposes of the risk register.
Date posted: April 27, 2018. Answers (1)
- Highlight four demerits of indirect production(Solved)
Highlight four demerits of indirect production.
Date posted: April 27, 2018. Answers (1)
- Explain three types of production cost(Solved)
Explain three types of production cost.
Date posted: April 26, 2018. Answers (1)
- Outline four benefits of proper filing to an organisation?(Solved)
Outline four benefits of proper filing to an organisation?
Date posted: April 26, 2018. Answers (1)
- Why have banks found it necessary to start customer care department?(Solved)
Why Have banks found it necessary to start customer care department?
Date posted: April 25, 2018. Answers (1)
- Highlight four benefits that would accrue to a firm located near other existing firm.(Solved)
Highlight four benefits that would accrue to a firm located near other existing firm.
Date posted: April 25, 2018. Answers (1)
- Outline four circumstances under which face to face communication may be ineffective.(Solved)
Outline four circumstances under which face to face communication may be ineffective.
Date posted: April 25, 2018. Answers (1)