Management of Risk: Role of Performance Measurement as Part of a Health and Safety Risk Management System The HSE is the UK government body responsible for implementing health and safety legislation at work. In the UK, the Government's Revitalising Health and Safety strategy and the necessities of the Turnbull Report on company governance offer a changed emphasis on safety and health performance and the control of health and safety risks (Health and Safety Legislation, 2016). Risk management is a broad subject area spanning numerous disciplines and there is no single "accurate" description. All through the years, a lot of scientists tried to stipulate, categorise, recognize and analyse the risk of a certain project. Numerous activities have been created so as to calculate uncertainty and standardize risk. However, the most typical and recognized known risk management procedure is broken to three straightforward steps. With that said, this essay will show Role of performance measurement as part of a health and safety risk management system in the UK

The HSE likewise plays a major role in producing advice on health and safety issues, and guidance on relevant legislation. The role of enforcement is split among HSE and local powers that be, but all of that depends on the business sector. The context of the projects is characterised by the description of the project, the instant working environment, and the individuality and actions of other contributors (Health and Safety Legislation, 2016).

Project risk management from this viewpoint aims to progress decision making by means of reduction of uncertainty. Not only does...

Furthermore, it includes the implementation of a risk programme of mitigation or control response. This control response is dependant on the criticality of that risk and sponsors' risk tolerance (Bawcutt, 2001). The main reason of measuring health and safety performance is to offer information on the progress and present position of the strategies, developments and accomplishments used by an organisation in order to regulate risks to health and safety. Key actions to decrease intrinsic risk consist of:
Making sure sufficient direction and participation from participants and shareholders,

Constructing an emphasis on delivery of value,

explicit management of resources as well as but not restricted to infrastructure, contractors and knowledge

guaranteeing appropriate delivery competency,

effective communication mechanisms,

a risk management method that includes benefits, cost and shared risk/reward arrangements.

Even though there is much information presented on performance measurement commonly, there is little which looks at health and safety in specific which organisations are able to apply to their own conditions. Research shows that HSE's experience is that companies are finding out that health and safety performance measurement a challenging subject to tackle. They combat to improve health and safety performance measures which are not instituted wholly on injury and ill health statistics.

Furthermore, HSE…