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5 benefits of a risk and resilience assessment
June 10, 2021 at 7:00 AM
5 benefits of a risk and resilience assessment

It’s said that if you fail to plan, you plan to fail. This is never more true than in the case of emergencies. Part of planning is recognizing risks ahead of time. Performing a risk and resilience assessment is the first step to assembling a preparedness plan for responding to emergencies. If you’re not sure a risk assessment is needed, our team at NFA Consulting has put together a guide with five ways you’ll benefit.

Identify vulnerabilities

A major part of getting out in front of potential problems is being able to identify where they might come from. While we all want to think that there aren’t any areas of vulnerability within our companies, they do exist. Sometimes it takes a set of eyes from outside of the organization to identify them. This is one way that you can benefit from hiring an outside source like us to perform a risk assessment.

Find cost-effective methods to reduce risks

When it comes to reducing risk, you’re going to have to make some changes. Whether these changes come as complete operations overhauls, purchasing new equipment, or hiring more employees, it can be extremely costly to mitigate your risks. At NFA Consulting, we believe that part of our job is to help you find the most cost-effective ways to reduce your risks. We can present you with several options to reduce risks that fall under different levels of cost. You can decide what works best for you and your budget.

Develop a plan for emergency response

It’s crucial to have a plan for how you’re going to respond to emergency situations. This is the case from something as small as a fire in the toaster in the break room to a major natural disaster that impacts operations for several weeks or months. When you have an emergency response plan, emergencies don’t have as much of an impact on your operations because everyone within your organization already has an assignment and understands what needs to be done.

Continued training

It’s not a popular part of work, but training is important to ensure that your employees are aware of their responsibilities and expectations within the organization. By performing a risk and resilience assessment, you can find areas where your company might be lacking in training as well as opportunities to introduce new policies and operations. Should you feel that there are areas where your company is lacking in skills or abilities, a risk assessment is a great way to identify them.

Identify ways to minimize the impact of emergencies

If you’re not ready for an emergency, it won’t take much to shut down operations for an extended amount of time. However, you can minimize the impact of an emergency by having a plan in place. When you perform an assessment of your potential risks, you’ll know what kinds of steps need to be taken to properly approach an emergency situation to mitigate the current and long-term impact.

Get in touch with our team

If you need help performing a risk and resilience assessment, please don’t hesitate to get in touch with our team at NFA Consulting. We’ll make sure that you’re prepared for any potential incidents that could put your company at risk. We have a team of experts that have worked with diverse companies and government agencies and look forward to sharing our expertise with you.