Organising team-building activities

Conducting a marketing analysis

Reviewing financial statements

Preparing Process and Instrumentation Diagrams (P&IDs)

A sudden release of contaminants during excavation.

Discovery of a previously unknown hazardous waste site.

Weather delays that slightly extend the project timeline.

Minor variances in soil pH levels during treatment.

Tourist litter during peak seasons.

Algal blooms in a closed bay area.

Regular beach erosion.

An oil spill near a sensitive marine ecosystem.

A critical security flaw that could allow data breaches affecting millions of users.

A cosmetic issue in the user interface that does not affect functionality.

An infrequent software crash that results in temporary downtime.

A minor bug that causes a slight inconvenience to a small number of users.

To ensure that marketing strategies are effective

To review and update the company's website

To monitor employee attendance and productivity

To continually assess the risk environment and the effectiveness of control measures

Analysing & evaluating risks

Analysing financial statements

Controlling risks

Identifying hazards

The financial costs of potential risks

The exact time an incident will occur

The severity of consequences and the frequency of risks

The number of hazards present in a facility

It evaluates employee satisfaction

It evaluates the company's sales figures

It is used to assess customer feedback

It assists in understanding which risks need treatment and prioritisation

Accepting all risks without mitigation

Eliminating all risks regardless of cost

Transferring all risks to third parties

Reducing risks to a level that is As Low As Reasonably Practicable

Feedstock or raw material costs

The cost of new plant and equipment

The cost of the organization’s insurance policies

Employee salary costs

Energy costs