Make Risk Management a Priority in Your Organization

From Risk Analysis to Identification Tools for Clear Insights and Control

Effective risk management is essential for every organization. Whether it concerns the safety and health of your employees, protecting the environment and surroundings, or ensuring business continuity—gaining insight into your risks helps prevent surprises and minimizes potential damage in any form.

Risks are always present. However, organizations with well-structured processes—such as a solid risk analysis, an up-to-date and validated risk assessment and evaluation (RI&E), and smart risk identification tools—are demonstrably better prepared.

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Risk Management Requires a Structured Approach

Effective risk management starts with structure. It’s a continuous process in which risks are systematically identified, analyzed, evaluated, controlled, and monitored. A well-thought-out approach helps organizations achieve their goals by preventing uncertainties from undermining performance.

The Five Steps of Structured Risk Management

Risk Identification
In this initial phase, all potential risks that could affect the organization or project are mapped out. These may involve safety, environmental impact, business continuity, or reputation. Tools such as brainstorming sessions, interviews, checklists, or SWOT analyses are commonly used. The more thorough this step, the stronger the foundation for the entire risk management process.

Risk Analysis
Identified risks are then analyzed based on likelihood and impact. How likely is the risk to occur? What are the consequences? This analysis highlights which risks require serious attention.

Risk Evaluation
Following the analysis comes evaluation and prioritization: which risks should take precedence? Based on severity, probability, impact, and legal obligations, a risk ranking is established. This allows resources to be allocated where they are most needed.

Risk Control
Here, you determine how to respond to each risk. Common strategies include:
- Avoidance: eliminating the risk by not starting the activity.
- Reduction: taking measures to reduce the likelihood or impact.
- Transfer: for example, through insurance or contractual arrangements with third parties (such as suppliers or contractors).
- Acceptance: when a risk is too minor to justify further action.

- Risk Monitoring
  Control measures must be tracked and evaluated. Are the actions effective? Are new risks emerging? Monitoring ensures a cyclical process where adjustments can be made continuously.

Why a Structured Approach Works

A structured approach ensures consistency and reliability in the risk management process, while also delivering other practical benefits:

Consistency and Reliability: clear steps and methods make processes predictable and repeatable.
Improved Decision-Making: better risk insight leads to more informed choices.
Proactive Management: early identification of risks allows for action before damage occurs.
Higher Success Rate: effective risk control increases the chances of achieving project and organizational goals within time, budget, and quality constraints.

RISMAN Method and Other Models

In the Netherlands, the RISMAN method is a well-known structured approach, especially in the construction and IT sectors. RISMAN outlines five core steps: identification, analysis, control, monitoring, and evaluation. Additionally, the international standard ISO 31000 offers a broadly applicable framework for risk management across various industries.

A good risk management strategy is cyclical and tailored to the unique characteristics of your organization and projects. Involving all relevant stakeholders—from shop floor to management—is critical for managing risks comprehensively.

Make Risk Management Practical and Effective

Effective risk management requires an integrated approach: from risk detection on the work floor, through in-depth risk analysis, to embedding it in safety and risk policies.

With Riskreporter, you have a powerful tool that supports this entire process—from identifying risks on the work floor to analysis, evaluation, and follow-up of control measures.

Curious About What Riskreporter Can Do for Your Organization?

Discover how Riskreporter can strengthen and simplify your risk management. Start a free trial today—no strings attached, and it ends automatically.

With Riskreporter, you have eyes across your entire organization. Safe working starts with understanding the risks in your organization.

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