The concept of using the risk management process is fundamental to assessing and managing all types of risk, including those created by pandemics. It is a universal approach designed to better understand risk and reduce uncertainty.

This article presents the use of risk management and risk assessment from a business continuity standpoint on the impacts of COVID-19. The authors provide a risk-based perspective on the pandemic and its overall effects as it concerns OSH professionals and their organizations.

This article presents the use of risk management and risk assessment from a business continuity standpoint on the impacts of COVID-19. The authors provide a risk-based perspective on the pandemic and its overall effects as it concerns OSH professionals and their organizations.

The authors present a use of methods that incorporate risk summation to understand and communicate whole-system risk.

Uncertainty and fear of the unknown are the real enemies. Investment strategist Jim Paulsen (as cited in Minkoff, 2020) described it this way: “Although the contemporary crisis is loaded with bad news, this has not been its primary problem. It is the ‘unknown.’ Give me bad news any day over complete uncertainty.” Paulsen’s point is that if we know what we are dealing with, we are better prepared to manage it, whether or not it is bad news.

From an enterprise and strategic perspective, “risk” is defined as “the effect of uncertainty on objectives” (ANSI/ ASSP/ISO, 2018). When an organization is faced with significant uncertainty (or undefined risk), it is negatively affected in its ability to make decisions and successfully achieve its business objectives.

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