Risk Assessment and Management

Building a risk response plan to reduce the effects of the risk to the lowest possible value when it occurs.

Defining risks at the level of each job.
Evaluating the risk by measuring the financial impact of the risk and the frequency of the risk (probability of occurrence) according to a scale approved by the senior management, and thus assessing the risk and its degree according to a methodology approved by the management.
Developing a risk management approach from the four approaches (risk acceptance – risk transfer – taking control measures – event cancellation) according to the risk assessment.
Training employees on the risk management methodology to face new developments.