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wiki:risk_management
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wiki:risk_management [2018/11/01 16:48] stephen initial formatting |
wiki:risk_management [2018/11/01 17:08] (current) stephen |
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| Identify the Potential impact of Risk | Identify the Potential impact of Risk | ||
| - | Insignificant No injuries, low financial loss | ||
| - | Minor Simple First aid treatment, medium financial loss. | ||
| - | Moderate Significant First aid treatment, high financial loss. | ||
| - | Major Extensive injuries, loss of production capability, major financial loss | ||
| - | Catastrophic Death, huge financial loss. | ||
| - | Assess the Likelihood that the Risk would cause an accident | + | **Insignificant No injuries, low financial loss** |
| - | Almost certain The event is expected to occur in most circumstances. | + | |
| - | Likely The event will probably occur in most circumstances | + | |
| - | Moderate The event should occur at some time. | + | |
| - | Unlikely The event could occur at some time. | + | |
| - | Rare The event may occur only in exceptional circumstances . | + | |
| - | Action required to eliminate the Risk | + | |Minor | Simple First aid treatment, medium financial loss.| |
| - | High High Risk - act immediately to take steps to Fix the Problem. | + | |Moderate | Significant First aid treatment, high financial loss.| |
| - | Significant Significant risk - act immediately to take steps to Fix the Problem | + | |Major | Extensive injuries, loss of production capability, major financial loss| |
| - | Moderate Moderate risk - act as soon as practicable | + | |Catastrophic | Death, huge financial loss.| |
| - | Low Low risk - manage by routine procedures and reassess within designated timeframe. | + | |
| + | **Assess the Likelihood that the Risk would cause an accident** | ||
| + | |||
| + | |Almost certain | The event is expected to occur in most circumstances| | ||
| + | |Likely | The event will probably occur in most circumstances| | ||
| + | |Moderate | The event should occur at some time| | ||
| + | |Unlikely | The event could occur at some time| | ||
| + | |Rare | The event may occur only in exceptional circumstances| | ||
| + | |||
| + | **Action required to eliminate the Risk** | ||
| + | |||
| + | |High | High Risk - act immediately to take steps to Fix the Problem| | ||
| + | |Significant |Significant risk - act immediately to take steps to Fix the Problem| | ||
| + | |Moderate | Moderate risk - act as soon as practicable| | ||
| + | |Low | Low risk - manage by routine procedures and reassess within designated timeframe| | ||
| ===== STEP 3 - Fix the Problem ===== | ===== STEP 3 - Fix the Problem ===== | ||
wiki/risk_management.1541051287.txt.gz · Last modified: 2018/11/01 16:48 by stephen
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