Forecast organisational risks

Analyse the operations and actions of a company in order to assess their repercussions, possible risks for the company, and to develop suitable strategies to address these.

forecast organisational risk
foresee organisational risks
predict organisational risks
forecasting organisational risks

skill/competence

cross-sector

Forecast organisational risks is an essential skill of the following occupations:

Metal production manager: Metal production managers organise and manage the day-to-day and long-term project work in a metal fabrication factory, to process basic metals into fabricated metals. They create and schedule production plans, recruit new staff, enforce safety and company policies, and strive for customer satisfaction through guaranteeing the product’s quality.

Foundry manager: Foundry managers coordinate and implement short and medium term casting production schedules, and coordinate the development, support and improvement of casting processes, and the reliability efforts of the maintenance and engineering departments. They also partner with ongoing remediation initiatives.
Mine manager: Mine managers control, direct, plan and coordinate mining production activities. They have statutory responsibility for safety and are also responsible for environmental impact. They oversee the acquisition, installation, maintenance and storage of mining plant and equipment. They lead and manage according to the organisation’s code of conduct.
Metallurgical manager: Metallurgical managers coordinate and implement short and medium term metallurgical or steel-making production schedules, and coordinate the development, support and improvement of steel-making processes, and the reliability efforts of the maintenance and engineering departments. They also partner with ongoing remediation initiatives.
Materials engineer: Materials engineers research and design new or improved materials for a diverse number of applications. They analyse the composition of materials, conduct experiments, and develop new materials for industry-specific use that can range from rubber, to textiles, glass, metals, and chemicals. They advise companies in damage assessments, quality assurance of materials, and recycling of materials.
Chemical plant manager: Chemical plant managers coordinate the day-to-day production of chemical products ensuring the quality of products and equipment, the safety of personnel and protection of the environment. They define and implement the investment budget, deploy industrial objectives and manage the unit as a profit center representing the company in its economic and social environment.
Nanoengineer: Nanoengineers combine the scientific knowledge of atomic and molecular particles with engineering principles for applications in a varied array of fields. They apply findings in chemistry, biology, and materials engineering, etc. They use technological knowledge for the improvement of existing applications or the creation of micro objects.
Pharmaceutical engineer: Pharmaceutical engineers design and develop technologies used in pharmaceutical research and drugs manufacture, advising the pharmaceutical manufacturing plants to maintain and operate those technologies and ensuring the customers` and workers` safety requirements are met. They may also be involved in the conception and design of pharmaceutical manufacturing plants and research centers.
Chemical engineer: Chemical engineers design and develop large-scale chemical and physical production processes and are involved in the entire industrial process required for transforming raw materials into products.

Forecast organisational risks is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

Accounting manager: Accounting managers assume responsibility for all accounting activities relating to financial reporting. They develop and maintain accounting principles and procedures to ensure timely and accurate financial statements issued, supervise accounting staff and manage the accounting activities within the appropriate time frame and budget.
Financial manager: Financial managers handle all the matters in reference to the finance and investments of a company. They manage financial operations of companies such as the assets, liabilities, equity and cash flow aiming to maintain the financial health of the company and operative viability. Financial managers evaluate the strategic plans of the company in financial terms, maintain transparent financial operations for taxation and auditing bodies, and create the financial statements of the company at the end of the fiscal year.
Manufacturing manager: Manufacturing managers plan, oversee and direct the manufacturing process in an organisation. They ensure products and services are efficiently produced within the timeframe and budget given.
Public relations manager: Public relations managers strive to convey and maintain a desired image or reputation of a company, individual, governmental institution, or organisation in general to the public and stakeholders at large. They use all sorts of media and events to promote the positive image of products, humanitarian causes or organisations. They attempt to ensure that all public communications portray clients the way they want to be perceived.
Quarry manager: Quarry managers plan, oversee and coordinate quarry operations. They coordinate extraction, processing and transportation and ensure these processes run smoothly and according to health and safety standards. Quarry managers ensure the successful running of the quarry and implement company strategies and guidelines.

References

1. Forecast organisational risks – ESCO