Risk Management Process, helps the organizations increase the likelihood of achieving objectives, improve the identification of opportunities and threats and effectively allocate and use resources for risk treatment
As well, helps the organization anticipate, identify, acknowledge, and respond to changes in an appropriate and timely way, Risk matrix used for both Business Risks and HSE Risks, in order to demonstrate to the organization’s management the ranking of the identified risks, which leading to the prioritizing of the required action plans related to each identified risk.
Managing our Risks
Tharwa has a robust approach towards managing any risks related to our operations. We continuously identify and evaluate hazards and potential sources of harm to people, assets, environment and economy.
Potential risks that could arise from such hazards are studied and analyzed. We then set a group of control measures, precautionary steps and constant monitoring to ensure that no undesired outcomes or ill effects take place. Moreover, in the unlikely event that the control measures are breached and an incident occurs a contingency plan is set to enable us to handle such an emergency situation with the utmost precision to mitigate damage and preserve lives.
This contingency plan is applied hand in hand with constant training’s and exercises that ensure the highest level of awareness, readiness, preparedness, and competence. Lastly, we spare no effort in learning from all incidents/events through deep and thorough investigations and constant collaborative relations with other entities to share experience and knowledge. This empowers us and enables us to put forward concrete corrective and preventative actions that enhances and maintains our QHSE performance.