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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
Line 72: Line 72:
  
 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