Risk is a basic feature of business and certainly part of cement manufacturing. All cement companies need to undertake a process of risk identification, assessment and risk management or mitigation. Once risks have been identified they need to be managed appropriately.
There are different types of risk facing a cement company. There are operational risks, there are behavioural risks and there are strategic risks. To manage different types of risks one of the 4 (or 5) “T”s are adopted. Terminate the risk, Transfer the risk, Treat the risk, Tolerate the risk, or Take the risk. Does your cement company have the right mix of these 5 “T”s?
Would your cement company benefit from retaining Whitehopleman to assist you with a risk audit?