dc.description.abstract | The growing demands on environmental protection, occupational health and safety, green supply chain, product safety, etc. has greatly increased the complexity of an organization’s operations. Non-controllable external factors such as Japan’s March 11, 2011 natural disasters and the late 2008 United States financial crisis have had great impact on Taiwanese companies because of globalization. It is nearly impossible in the 21st century for an organization to compete in the global market without sound risk management.
Since early 2000, many Taiwanese companies have implemented the occupational health and safety management system, OHSAS 18001, to address changing legislation, customer demands and to protect the workforce. The essence of OHSAS 18001 is to use a systems approach to effective identify and control workplace health and safety risks. Terrorist attack on the World Trade Center in September 2001 brought a new dimension to management as far as business continuity is concerned. BS 25999, the Business Continuity Management standard published by British Standards Institution, aims to assist an organization to maintain its critical business activities during the most challenging circumstances to protect its staff, reputation, and stakeholders’ interest. BS 25999 contains the fundamental principles of and covers the complete life cycle of business continuity management. International Organization for Standardization’s work on ISO 31000, the risk management standard, further emphasizes the importance of integrating the risk management framework as an integral component of an organization’s management system. ISO 31000 is designed to assist an organization to achieve its objectives by identifying and treating risks throughout the whole organization with all business aspects taken into consideration.
Recent developments in risk-based management system standards clearly illustrate the importance of managing an organization’s risks arising from both internal operations and external factors. A common and core element of these management system standards is risk assessment. This study aims to analyze the risk assessment requirements of OHSAS 18001, BS 25999 and ISO 31000. Based on the findings of risk assessment analysis, practical approaches for the design, implementation and continual improvement of the integrated risk management system are proposed.
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