What is Risk Management?

Put simply Risk Management is about looking at the risks or hazards that can arise in your development and then putting in place sensible measures to control and prevent them. This should cover all the processes involved in identifying, assessing and judging risks, assigning ownership, taking actions to mitigate or anticipate them, and monitoring and reviewing progress.

Good Risk Management helps reduce hazard and builds confidence to innovate and improve.  It will also help prevent any claims against the residential management company and its directors for loss, damage or injury and will enable your site to reach its’ full potential in terms of its’ saleability and market value.

There are all types of hazards and health and safety issues associated with blocks of flats, all of which are a subject in their own right.

For more information on a range of issues click through to Flat Living Magazine

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A few Key articles include:

What is Risk Management and why do we need to bother with it?

The importance of Risk Management

Risk Assessments…..what to look out for?