About this document
Understanding Loss Control in Risk Management by Haya Jannat is a document available to read on EtoBox.
Loss control is a multidisciplinary approach that employs human, engineering, and risk management practices to reduce the frequency or severity of losses. It focuses on implementing safety procedures and techniques like audits to prevent or limit losses of physical assets. Loss control aims to reduce or eliminate losses from accidents and health issues in the workplace. Organizations implement loss control by calculating total asset costs and weighing them against the likelihood and worst effects of failure
- Author
- Haya Jannat
- Language
- EN