Assessments for effective risk management

Norsk Energi can assist both small and large companies in conducting risk assessments, implementation of risk reduction measures and designing a risk management system.

To effectively manage safety, it’s essential to know what an acceptable risk level is, and to have oversight over the potential consequences of accidents and incidents on site. In addition, the costs and effects of risk reduction measures must also be well understood. Risk assessments are therefore essential basis for an effective risk management system.

The process of developing a risk management system generally includes the following activities:

1. Definition of what is deemed to be an acceptable risk level (acceptance criteria);
2. Risk identification, i.e. mapping of risks;
3. Evaluation of risk level, i.e. comparison of identified risks to acceptance criteria;
4. Identification of potential risk reduction measures and their effects;
5. Selection of measures;
6. Implementation of selected measures;
7. Insuring measures are implemented as planned;
8. Monitoring to ensure situation is as expected; and
9. Updating the systems in accordance with new regulations, or when new information affects previous assumptions and conclusions.

Measures for reducing risk in the workplace can be either technical changes, or alternations to procedures or regulations.