risk presentation - 1 FLOW CHART A flow chart is a...

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1. FLOW CHART A flow chart is a graphical diagram that shows a particular flow of operations related in one way or another in an organization. They help envision day to day operations helping identify any faults in them Risk managers can use a flow chart to identify, analyze or manage a process in different fields.. Whenever the flow is interrupted it triggers a loss to the company Below is a typical flow chart of a coal mining company
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2. PHYSICAL INSPECTION This is the most straight forward loss exposure identification method otherwise known as on-sight inspection. This physical inspection provides valuable data concerning, the impending frequency and the severity of losses and magnitude of exposures. Physical inspection is advantageous for it gives an opportunity to interact with management and specialists that are directly involved with the onsite frame
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of work. Such opens understanding of the exposure and help suggest better alternative loss control measures.
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