The process of identifying risks, assessing risks and developing strategies to manage risks is known as risk management.

A risk management plan and a business impact analysis are important parts of any business continuity plan. Understanding the potential risks to the business and adapting strategies to mitigate their impacts is important to recover the business quickly if an incident occurs.

A risk assessment is the process of identifying, understanding and evaluating potential hazards in the workplace concerning the day-to-day running of a company.

Types of risk vary from business to business but preparing a risk management plan involves a common process. A proper risk management plan should detail the strategy for dealing with risks specific to the business.

AMAJ experts helps organizations to conduct a risk assessment study and formulate strategies for risk mitigation. This will help clients to meet their legal obligations for providing a safe workplace and can reduce the likelihood of an incident negatively impacting the business.