Risk Management Ltd

 
A new exotic disease is identified each year
A new exotic disease is identified each year
The timber industry, a key New Zealand industry
The timber industry, a key New Zealand industry
Critical services require effective risk assessments and business continuity planning
Critical services require effective risk assessments and business continuity planning
Bridge destroyed and gas pipeline out of action due to flooding
Bridge destroyed and gas pipeline out of action due to flooding
A risk management training workshop in action
A risk management training workshop in action
LPG storage site meeting international best practice
LPG storage site meeting international best practice
Damage to a water main - a key infrastructure
Damage to a water main - a key infrastructure
Unreinforced masonry buildings can collapse in earthquakes, damaging adjacent property
Unreinforced masonry buildings can collapse in earthquakes, damaging adjacent property
Change in iron ore price resulted in thefts
Change in iron ore price resulted in thefts
Access to good risk management information is critical
Access to good risk management information is critical
Transport links and supply chains cut - effective business continuity management needed
Transport links and supply chains cut - effective business continuity management needed
Do your communications give the right message?
Do your communications give the right message?
Counterfeiting is a major source of risk
Counterfeiting is a major source of risk
Effective corporate governance requires effective risk management
Effective corporate governance requires effective risk management
Fire destroyed a distribution centre in two hours resulting in sale of the business
Fire destroyed a distribution centre in two hours resulting in sale of the business
The 2007 Ruapehu lahar resulted in closure of roads and the main rail line - supply chains were cut
The 2007 Ruapehu lahar resulted in closure of roads and the main rail line - supply chains were cut
A risk management training course for 200 people in the Philippines
A risk management training course for 200 people in the Philippines
Terns living (mostly) undisturbed on a marine platform
Terns living (mostly) undisturbed on a marine platform
Fire-fighting water run off into an ecologically sensitive lagoon
Fire-fighting water run off into an ecologically sensitive lagoon
Risk communications should be plain English and written for the target audience
Risk communications should be plain English and written for the target audience
Most organisations are now highly dependent on telecommunications
Most organisations are now highly dependent on telecommunications
Blue asbestos was used illegally as insulation
Blue asbestos was used illegally as insulation
Major disasters can prevent access to otherwise undamaged workplaces
Major disasters can prevent access to otherwise undamaged workplaces
New Zealand wool carpets in store
New Zealand wool carpets in store
Aerosols proved to be a key risk source for a supermarket chain
Aerosols proved to be a key risk source for a supermarket chain
A simple human error
A simple human error
Oil pollution after a tank was over-filled
Oil pollution after a tank was over-filled

Blog

Risk management, earthquake-prone buildings and insurance

How long will the effects of the Christchurch earthquakes be felt? For Christchurch residents, the tangible and intangible consequences may take years to fade. Familiar buildings and businesses will be gone, replaced by the “new normal”. But for all in New Zealand, the consequences will have a range of impacts over the next few years. For example, it is likely local authorities will take a tougher line on earthquake-prone commercial and industrial buildings. Strengthening to higher standards than previously proposed may be required and less time given to start the necessary work. This may dismay some property owners

Risk and the meaning of life, the universe and everything

Well, not really, but risks do seem to be crowding in on us lately. Banks and insurance and financial companies have been failing and earthquakes, floods, and financial crises have dominated our lives for the past few years. How might we effectively manage risks? The answer starts with deciding what we mean by risk. Generally, risk is seen as some event that might happen in the future and affect something of value to an individual or organisation. One definition, drawn from the international standard on risk management (AS/NZS ISO 31000:2009 Risk management – Principles and guidelines), is “risk is

Supply chain-related risks

Consider an Albuquerque-based Philips microchip plant, where a fire in 2000 disrupted production and supplies to Ericsson, costing them approximately $400 million in sales and forcing them out of the mobile phone market. Would Ericsson have taken such a risk if the supply chain had been fully analysed and understood? Few people can have missed the news about Japan’s earthquake and tsunami damage – including the awful news about the Fukushima nuclear power stations. But I wonder how many have thought through or seen the consequences for supply chains? In June 2011, NZ sales of the Toyota Corolla slipped because of