Identifying Risk and Setting objectives

Risk

Identifying and managing risks is an integral component of good management and governance. Risk management is as much about identifying opportunities, as avoiding, or mitigating the potential negative effect of risk.

There are many important benefits of identifying risk, including,

• Creating a safe and secure work environment for all staff and customers
• Increase the resilience of business operations
• Decreasing legal liability through ensuring compliance has been met
• Provides protection from events that are detrimental to the organisation, including your environmental impacts and aspects
• It can help reduce expenses and possible losses
  

ISO 31000:2018 Risk management is a guidance document that has been developed to help ensure that you are managing your risk effectively. Risk management is relevant to all markets and sectors and organisations of every size.

At AvISO, we can help identify your risk areas, and ensure that you are mitigating where required. If you would like further information on how AvISO can help with managing your risk, please get in touch.

Objectives

Setting SMART objectives are an incredibly valuable tool for any organisation, of any size. Objectives serve as a way to keep employees on course and working towards the organisations' goals. They provide focus, direction, set expectations and can also motivate your workforce.

It is important to consider the following when setting objectives.

• Leadership led objectives – this ensures that adequate resources are applied and that the objectives are in line with the strategic direction of the organisation
• Communicating objectives – it is important to communicate objectives with the workforce, this will allow the employees to work towards tangible targets
• SMART – the objectives that you set should be – Specific, measurable, attainable, relevant, and timely
  

An effective management system should align the policy with the objectives. Doing this will provide a framework upon which to translate these objectives into functional targets. A goal-oriented framework allows goals established at the top level to flow down through the Management system and to influence personal objectives and targets.

At AvISO, we are passionate about management systems adding real value to your organisation, and one way that this, can be achieved is through setting SMART objectives. If you would like to discuss how AvISO can help, please get in touch.