"Risks" are the potentialities that stand between the ambitions and goals of an individual or organization.

Risks can help you or your organization to achieve your goals.Generally risks are taken to achieve some advantage.

While there is Risk attached to every current action or situation, Risk is also an inevitable associate of change. Proposed actions will include potential benefits as well as potential costs.
Risk determined by evaluating the probability and the extent of the consequences of the loss.

It is necessary to understand "what" and "how" something might happen but also:

• the likelihood of something happening (probability)
• the effects if it did (consequences)

So the degree or level of risk can be measured by the below formula:

Risk = Probability x Consequence

The Risk management process incorporates the following functions:

1. Identification of all potential risk exposures
2. Examination of possible solutions/remedies
3. Selection of the most appropriate solution/remedy
4. Implementation of the selected solution/remedy
5. Monitoring of the solution to ensure effectiveness

The scope of the activities covers occupational health, safety, and the environment; injuries property legal liability, travel, motor vehicle and others.

All activities are linked in the one Risk Management Unit to provide an integrated approach to the prevention and management of injury and damage to property and the environment, and protection for its legal liabilities.