Manage commercial risks

Analyse and evaluate commercial risks and develop suitable strategies to resolve these risks.

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skill/competence

cross-sector

Manage commercial 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.
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.

Manage commercial 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.

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.

References

1. Manage commercial risks – ESCO