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measuring successful safety in terms of cost
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Posted By George Wedgwood
I am interested in exploring the balance of planned cost associated with safety management (budget) against what actual and potential loss could be experienced in a period. I will appreciate any practical experience out there in terms of building an historic record at first and then becoming more proactive as we get confident with the data.
Thanks, George (07836 718908)
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Posted By Bob Youel
G
Can you give some more detail as your quetion appears vauge.
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Posted By George Wedgwood
I hope to justify my budget and Regional resource in terms of loss reduction as well as business improvement. I realise I have to start in a simple way - even costing accidents is not a science but clever estimates are worth a lot more than nothing!
I am busy reading about various related costing topics but shortcuts will be welcome. Basically, I want to end up with a running comparison of expenditure against operational savings.
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Posted By Iain Taylor
George,
I have frequently used the cost benefit method to show all of the issue's you are looking at ,very effective for Senior Managers.
Iain
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measuring successful safety in terms of cost
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