When planning your RTO, as with any other business, the identification of risks within your environment and the external environment to your RTO is extremely important.
A good risk management system is not just about having insurance cover, it is a continuous process of analysis and communication.
The risk management steps are:
- hold insurance for public liability (at least)
- Define your goals and context for your RTO
- Identify risk
- Measure it
- Formulate strategies to limit it
- Carry out specific tactics to implement those strategies
- Continuously monitor the effort
- Continuously communicating and consulting with stakeholders.
To learn more about risk management within your RTO go to www.becomeanrto.com