Risk management is about vital practical steps to protect you and your co-workers from real harm and suffering. It helps you focus on the risks that really matter in your workplace - the ones with the potential to cause real harm. It's also good business sense. Recent estimates suggest that every $1.00 invested in controlling risk can save as much as $12.00 in costs associated with ill health and injury. Risk management is a process that involves identifying hazards and assessing the risks that arise in your workplace, putting sensible health and safety measures in place to control them and then making sure they work in practice. It includes risk assessment which is simply a careful examination of what could cause harm to people, so that you can weigh up whether you have taken enough precautions or should do more to prevent harm. Topics covered include: What is Risk Management?; Understanding Hazards and Risks; Five Steps to Risk Assessment, including Identify the hazards; Evaluate the risks and decide on precautions; Record your findings and implement them; Review your assessment and update if necessary; and Decide who might be harmed and how. 16 minutes.