The Application Of Sound Risk Management Procedures Within...

Risk Assessment - Perimeter Fence The application of sound risk management procedures within an organisation is fundamental to the success of that organisation. Risk Management supports the management team in making sound decisions towards the effective use of resources, while minimising loses caused by unexpected events (Pearse Trust 2012). As such, Joe’s Transport Company has developed a comprehensive Risk Management policy which has been used to assess the upcoming perimeter fence project. In accordance with the risk management policy, all identified hazards have been reported, along with an explanation of the five hazards with an inherent risk rating of High or Extreme. Furthermore, the single greatest risk to the company has been†¦show more content†¦In line with this policy, further detail has been provided on identified hazards with an inherent risk rating of High or Extreme. Striking of overhead powerlines Overhead power lines run parallel with the northern border of the compound at a height of 5 meters. Current risk controls include the existing compound fence, Standard Operating Procedures which detail requirements for working near the northern fence line, signage, and regular inspections. However, the construction of the new perimeter fence will require access to the area surrounding the overhead powerlines and the use of a small crane making some of the current risk controls ineffective. As such, the hazard has been assigned a likelihood level of Possible. Such an occurrence could result in death or permanent total disability, giving the risk a consequence level of Major. Thus, the hazard has an inherent risk rating of High (12). Striking of underground pipes Gas and sewerage pipes run underground throughout the compound. Current risk controls protecting the underground pipes include the sealed bitumen yard, Standard Operating Procedures which detail the use of equipment and digging near the unsealed fence line, signage, and regular inspections. However, these risk controls are deemed ineffective for the current task. As steel fence posts are to be dug in at aShow MoreRelatedQuestions On Procurement Desktop Defense Operations1643 Words   |  7 Pagesservices required to accomplish the mission worldwide. Therefore, the proper application of the information assurance (IA) principles is vital in order to create a secure environment. To accomplish the aforementioned goal, the research will provide a comprehensive IA plan that addresses the main issues related with the operations of PD2 in cyberspace. PD2 ultimate goal of PD2 is to provide business efficient procedures that can be replicated through the entire DoD. 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