As a risk management strategy, system safety utilizes system-based approach to identify and analyse potential hazards as well as apply potential control strategies designed to mitigate potential danger. Recent economic crisis with its magnitude brought risk management at the enterprise level to the forefront among government regulators and managers. Systemic approach to enterprise risk manag... read more

Introduction

Effective risk management is the process of evaluating and guarding against potential losses to the organization (Taravella,1990). The organization actively pursues risk in its operations by examining the quality of its internal controls, safety, actions of its staff on the job, and behavior of its volunteers in their ... read more