Managing critical risks isn’t a one-time task—it’s an ongoing responsibility. Regular reviews of critical risk programs ensure your organisation remains compliant, effective, and adaptive to changing circumstances. Whether you're dealing with high-risk industries like mining, construction, or logistics, or managing risks in more stable environments, reviewing your critical risks is crucial for staying ahead.
The Benefits of Regular Critical Risk Reviews
Ensure Compliance with Regulations
Legislation often requires organisations to demonstrate that critical risks are actively managed and reviewed.
Regular reviews show regulators and stakeholders your commitment to safety and risk management.
Adapt to Changes in the Workplace
Dynamic environments, such as construction sites or logistics operations, often face shifting risks.
Regular reviews ensure your controls and processes remain aligned with current hazards.
Identify Gaps or Failures in Controls
Over time, critical controls can degrade or become less effective.
Reviews uncover these weaknesses, allowing you to address them proactively.
Enhance Worker Safety and Trust
A robust review process demonstrates to your workforce that their safety is a top priority.
Encourages a culture of safety and hazard reporting.
Improve Efficiency and Cost-Effectiveness
By identifying and addressing risks early, you can avoid costly incidents and operational disruptions.
Regulatory Requirements for Critical Risk Reviews
Annual Reviews for Dynamic Workforces or Environments
In industries where hazards frequently change—such as construction, logistics, or events—an annual review is recommended to ensure your program keeps pace with evolving risks.
Two-Yearly Reviews for Stable Work Environments
For industries or workplaces with less dynamic conditions, a 2-yearly review is a standard approach. This schedule balances compliance with resource management while maintaining effective risk oversight.
Key Areas to Review
When conducting a critical risk review, ensure you focus on:
Control effectiveness and reliability.
Changes in workplace conditions, hazards, or operations.
Incident data, near-misses, and worker feedback.
Compliance with new regulations or standards.
Which Audit Type Is Right for You?
The type of audit you choose depends on your organisation's needs, resources, and objectives:
For frequent, low-cost reviews, a first-party audit is ideal for ongoing oversight and continuous improvement. These are conducted internally.
For internal accountability and collaboration, a second-party audit strikes a balance between independence and cost-efficiency. These are conducted inter-department / inter-site for a fresh perspective.
For formal compliance or external validation, a third-party audit ensures a thorough and objective review.
In many cases, organisations benefit from a combination of these audit types, using first-party audits for routine checks and third-party audits for periodic, in-depth assessments.
Our Auditing Services
Our comprehensive auditing services ensure your critical risk management program remains robust, compliant, and effective. Whether you're starting a review process or need a detailed assessment of your existing program, we can help.
What’s Included in Our Audits?
Bowtie Analysis Validation:Â Ensure all causal pathways, consequences, and controls are relevant and complete.
Critical Control Performance Standards Review:Â Validate or refine your performance standards for maximum effectiveness.
Critical Control Verification (CCV) Templates:Â Ensure your tools for field-testing and observations are effective.
Results Analysis and Recommendations:Â Highlight strengths, weaknesses, and actionable improvements.
PHMP Audit:Â If required, we can review your Principal Hazard Management Plan for regulatory compliance.
Why Choose Us?
Extensive experience working with leading organisations across industries.
We are a member of the SAI Global Consultant and Affiliates Programme.
Qualified Lead Auditors and subject matter experts (SMEs) specialising in critical risk management and legislative requirements.
Tailored solutions to fit your industry and operational needs.
Who We Work With
Our expertise spans industries and sectors, allowing us to tailor solutions to meet the unique challenges faced by our clients. Let us bring this experience to your organisation and help you achieve effective and sustainable risk management outcomes.
How to Get Started
Schedule Your Review or Audit: Add our Comprehensive Audit Service to your program to ensure your critical risks are effectively managed and verified.
Maintain Compliance and Confidence: Partner with us to establish a structured review process, giving you peace of mind and ensuring ongoing operational safety.
Why Regular Reviews Are Essential for Critical Risk Management - Take the Next Step in Managing Your Critical Risks
Regular reviews are more than a regulatory requirement—they're a foundation for effective, sustainable risk management. Ensure your program is built to last by scheduling a review today.
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