Risk and Safety Management System

SAFETY & PSPGEN038 RISKS1
SAFETY & PSPGEN038
Name of student
Course
Date

SAFETY & PSPGEN038 RISKS2
ASSESMENT 3
TASK 1
REPORT
Introduction
Dayton Energy Company is the name of our company. This name is specifically attractive to the
company’s stake-holders whose belief is that the name is destined for success. This company
was founded in 2012 and has the aim of producing reliable and quality energy at affordable
prices to its customers. Achieving all these are possible if the company's employees work
together as a team towards these goals. Having a proper risk and safety management system and
the creation of a healthy environment of work is the key to performance and motivation for our
employees.
RISK MANAGEMENT.
This process involves the identification and analysis of potential risks and drawing a plan to curb
them within the company. Our employees’ safety has always been our priority. There is therefore
the need to create reliable safety management system within the company.
Relevant stake holders to be consulted.
The relevant stakeholders who should be consulted on matters to do with risk management are
the senior stakeholders, the key decision makers and emergency services within the organization.
Procedure for identifying and analysis of risks.

SAFETY & PSPGEN038 RISKS3
The procedure involved in identification and analysis of risks is as follows1:
 Identify the potential risk and its causes.
 Evaluate the level of risk, whether it is urgent or not, the kind of harm it might potentially
cause.
 Design and implement an appropriate action that should be taken in managing the hazard
that has caused the risk.
 Examine whether the risk control measure implement is effective.
Risk matrix
Risk
Causes of
Risk
Risk
Potentia
l
Impact
Consequenc
e of
Exposure
Likelihoo
d of
Exposure
Current
Control
Measures
Risk
Treatment
Plan
Economic
Client
dissatisfactio
n
High Moderate Possible
Fortnightl
y meetings
Mitigate by
Quality
Control
Political
Regulations
from the
government
High High Possible
Payment
of
licencing
fees on
time
Follow
government
laws on
licencing
procedures
1 Chapman, R. J. (2011). Simple tools and techniques for enterprise risk management (Vol. 553). John
Wiley & Sons.