The Benefits of Choosing a Career in Risk Management

What is risk management:

Risk management is the process of identification, assessment and treatment of risks that seeks to minimise, control and monitor the impact of risk occurrence through the cost effective utilisation of resources.

Where does risk management apply

Risks occur in every walk of life, in every industry and in every service delivery enterprise, both private and public sectors. The severity of risks occurring depends upon many factors. In order to quantify such severities most organisations traditionally employ some sort of risk processes to assess the likelihood of risks occurring and their perceived or calculated impact. This enables risks to be prioritised and resources applied to meet the overall best interests of the organisation and its internal and external stakeholders.

Risks, great and small

In today’s connected and integrated world risks and their impacts can and do translate across international boundaries. No longer are they confined to departments and within individual companies. Economic boundaries and geographical structures are such that companies now need to assess risks in a world where a volcano in Iceland can cause the closure of a manufacturing plant in Japan.

Equally at the individual organisation level the importance of undertaking health and safety risk assessments in order to protect the health, safety and welfare of it’s employees is a legal obligation for many companies. Product manufactures will undertake design risk assessments in order to ensure that the ultimate users are protected from any safety related design hazard.

Local authorities are required to ensure that they provide safe highways and passage for the general public. For example, they will need to assess the amount of sand and grit they will need to ensure they can cope with the pressures of harsh winter weather to protect the individual motorists and the unsuspecting pensioner on an icy pavement.

All of the above and in many more private and public sector industries and services there is the basic requirement for someone or some persons to identify a potential risk, to evaluate the likelihood of the risk occurring and to calculate the impact or consequence of the risk in order to best minimise its impact.

Risk management – does it work?

Armed with the knowledge that risk is everywhere but that there are robust systems and processes to manage them is it safe to say that such systems and processes work?

Certainly there are many examples of where risk management has worked. If the available systems and processes didn’t work then they simply wouldn’t be used. Risk departments and risk mangers would be unlikely to exist and an irresponsible attitude to risk would likely be prevalent.

Risk management however does not work in all cases. It’s impossible not to be tempted to assert that the BP oil well catastrophe in the Gulf of Mexico could have been prevented if the risks had been fully evaluated. Similarly the lack of controls to adherence of risk processes that has resulted in global financial problems has been laid at the doors of …

Incredible Science Toys and Kits – Easy to Learn Science

In these technology days, it is one of the easiest tasks for children to learn science quickly. Most of the children would like to do their science experiments with some incredible science toys and kits. Science is one of the easiest subjects to learn with these science kits. And here one thing to remember that science is different from scientific.

Obviously, the science experiments involve with great project group discussion, which often lead to toy science fun. There are so many stores situated at the country are selling these incredible science experiment kits, which are made by some esteemed manufacturers are presented in an easy way. And also with the design of these kits, your children will learn some incredible facts about the different scientific disciplines. For example, with a single experiment with these kits, so many children would be able to understand the atmosphere conditions around our planet.

After the completing the experiment, your children will amaze about these kits. And also it will help them to learn science quickly, and also it is very much useful in their future research and education. There are various types of kits available like chemistry, biology, ecology, astronomy and some other various fields of experiment kits. It has been observed in various American schools that so many children are easy to learn that why sky is the blue, cause of rains, bending lights and some other experiments that also reveals the mysteries of earth.

Instead of giving some old regular toy, you can give these experimental kits to your beloved children as a gift. When they are doing experiments with these kits, they are using their imagination, as well as they have some interest to learn real science that will help them both in the school and real world. If they are really understandable with these experiments, they are starting to think differently. During these experiments, they are asking some questions and reasons. At the time, as teacher or parent, you need to be patient about give some proper answer to your children.

And also there is an important point that parents are the first teacher for any children. Instead of saying the short answer to the children questions, you need to give some elaborated answers. With these answers, they are able to keep this information as a memory, and they know the importance of the science. In earlier stage of learning will help them to be easier in school, and as they grow older. And also is the absolute best way for kids to learn science.

Rather than studying in books, the children will learn the skills faster and save more pleasure when they are having experience. And finally, there are some well established and well experienced manufacturers of this incredible science experiment kit are selling through online. For more information and details, please visit their web site.…