Risk Management – Article Example

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IntroductionRisk management is a plan approach of identifying and maximizing or controlling the potential risk hazards. It involves some policies, practices or processes which are applied together to easily identify, examine and monitor the risks. These risks can be managed by transferring them to another location, minimizing their occurrences or the severity of the effects they are likely to have on the affected areas or where possible completely preventing their happening. There are many and differing risks that are likely to occur in a place depending on the geographical area and the activities taking place.

For example, the risk of floods, drought, famine, and out break of diseases but the most common in the today’s societies is that of fire as a result of changes in the lifestyle of residents. Many organizations and communities have come up with organizations to manage the risk of fire, for example, Oxfordshire Fire and Rescue Service ensures that residents in areas like communities, schools and business centers are safe from the potential risks through their prevention strategies. Risk management by Oxfordshire Fire and Rescue ServiceThe goal of this organization is to ensure that the lives and properties in the environment are safe from risks and their objectives are achieved through effective use of the locally available resources.

To ensure that their services are proficient and resilient in the changing world, the organization has short term mostly annually based and long term, covering three to five years action plans and a competent workforce in various sub division. They also have a culture in which equality is promoted at all levels and standards of various personnel and members of public.

The organization has 24 fire stations in Oxfordshire with different responsibilities to the society including education on the possible safety measures or responding to the emergencies. The organizing committee is responsible for formulation of various action plans of the entire group and ensuring that they are implemented (Hurst, 35-37). Risk assessmentFor effective management of risks, it is essential to carry out an assessment process which involves careful examination of the environment of concern and the activities so as to identify the potential hazards, those likely to be affected and the possible measures to take against them.

There are five steps followed to carry on an effective risk assessment process: identifying the hazards, deciding who might be harmed, evaluation of the risks and deciding on the precautions and regularly reviewing the assessment to fit in the current happenings in the society. The hazards of the risk of fire depends on the activities taking place in an environment or the lifestyle of the residents, for example, the hazards in education centers or in the students residential halls are much different to those in the police camps since their style of living is completely different. Most of the commercial activities taking place in the today’s activities are causing occurrences of fires.

For example, improper handling of open flames used to conduct hot work like in welding, grinding or cutting of metals. Other gases like excess oxygen can also cause fire if not properly handled especially those in cylinders or enclosed places burn with explosions and their effects are very severe. The most common in causes of domestic fires is electricity, the residents interferes with electrical installation so as to increase the application of the appliances like cookers, heaters and other electronics.

This may cause short circuits or overloading of electricity hence explosions or some of the residents may not have proper skills of handling electrical cables and their connections may cause explosions (LaGoy, 214-250).

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