RISK MANAGEMENT POLICY

 

Since the time of foundation of “ H&S CUSTOM S.r.l. ” risk management is part of the company strategy, management process and project management. The Risk management is related to all procedures that allow to “ H&S CUSTOM S.r.l. ” to take the decisions that minimize the adverse effect that could compromise the correct functions of the organization and generate damages to its customers, suppliers, employees and, more in general to the community.

The Risk Management Policy is a responsibility of the Board of Directors. The objective is to control and mitigate the most significant risks to whom H&S Custom and its stakeholders could be subjected, easing the achievement of the of operative and financials objectives.

In terms of financials Risk management is fundamental for the achievement of our objectives and to afford new businesses and development programs and for the management of our activities in a professional and efficient way.

The Board of Directors perceives the Risk Management Objectives through the definition of procedures and operating tools that consider the identification, evaluation, monitoring of risks related to its activities. H&S Custom evaluates the relevant risks based on probability of occurrence and impact in case of adverse events, defining a mitigation strategy. “ H&S CUSTOM S.r.l. ” monitors continuously its risk control parameters and takes the appropriate measure to improve.

Our process are design to assure H&S Custom compliance to lows and regulations.

The Risk Management Framework is annually reviewed and discussed by the Board of Directors during the Strategic Planning. It is a Board of Directors task to identify the risks and mitigate them taking the appropriate countermeasures.

PRINCIPLES

  1. The Risk Management expressly address the uncertainty: takes in account the uncertainty, its nature and ho to address it
  2. The Risk Management create and protect the Value: it contribute to perceive the objectives and the improvement of demonstrable performances, e.g. the efficiency, the Product and Services quality and the Project management effectiveness, the Governance, reputation, people safety and systems security
  3. The Risk management is part of the processes: it is not a stand-alone activity, separated from organization process and activities. It is part of management responsibility, of the process and activities that includes strategic planning and all the main an supporting processes related to project management and support services.
  4. The Risk Management is part of the Decision Making: it helps who takes decision to do informed choices and to give priority to actions distinguishing between possible alternatives
  5. The Risk Management is systematic, structured and timely: these characteristics contribute to efficiency, reliability and consistent results.
  6. The Risk management is based on the best available information: input to Risk management are all the available sources of information, including historical data, experiences, feedback from stakeholders, forecast, expert judgment. The decision maker must account for all the available information but also of its limits and divergence between sources.
  7. The Risk management must keep in account the human and cultural factors considering perceptions and intention of internal and external people that can influence or contrast the achievement of the objectives
  8. The Risk Management facilitates the continuous improvement of the organization.