Risk Management 101


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An introduction to risk management concepts for future outdoor leaders. It serves up metaphors and poses suitable questions for other forms of risk management.

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Risk Management 101

  1. 1. AN INTRODUCTION TO RISK What It Is & Managing It
  2. 2. Session Outcomes By the end of the session participants will have:  Recorded an event in their lives that involved risk  Decided if that risk was real or a feeling  Contemplated risk & managing it  Been involved in a metaphor of risk management
  3. 3. Definitions of Adventure  A risky undertaking, or a remarkable and exiting experience. www.nps.gov/mana/ education/vocab.htm
  4. 4. Definitions of Adventure  The feelings that you gain from an uncertain outcome. Wil Rickards
  5. 5. Something to think about  Recollect and reflect on your most memorable adventure. Jot down some notes. (1 minute)  Compare it with a lesser adventure. (1 minute)  Was there more or less risk?  Find a partner and compare notes (3 minutes)  Group consensus  More or less risk? (2 minutes)
  6. 6. Risk & Adventure  By definition:  There has to be some risk in adventure and it could be argued that there needs to be a considerable amount.
  7. 7. The Questions then become  What can you risk?  What types of risk are there?  What is risk?
  8. 8. Something to think about  Find a partner – tell a story of something you have risked. (2 minutes each)  Synopsis of the stories. (3 minutes)  Can we answer the questions yet?
  9. 9. Something to think about  We have seen a definition where adventure is a feeling.  Is risk a feeling or something tangible?  In pairs see if you can describe a personal event when risk was a feeling and an event when it was tangible. (5 minutes)  Group discussion. (5 minutes)
  10. 10. Same Questions  What can you risk?  What types of risk are there?  What is risk?
  11. 11. Risk is an integral part of taking groups into an outdoor setting.  Includes:  Psychological,  Emotional,  Physical,  Social or  Financial  The aim of a leader is to manage and minimize risk and limit accidents to a level associated with everyday living.
  12. 12. Risk can be divided into:  Real, where participants could be injured: e.g. rockfall, river crossing, etc.
  13. 13. Risk can be divided into:  Perceived, which is an individual's subjective assessment of the real risk present at any one time • All activities have a level of risk but different people will have a different perception of what that level is.
  14. 14. Industry perspective:  Risk is:  “Exposure to the chance of injury or loss.” The injury / loss can be physical, emotional or financial in nature. AOEE Policies and Procedures Manual
  15. 15. Aim is often high levels of perceived risk & minimized real risk • To ensure that the activity is a safe yet challenging and enriching personal experience, the level and type of risk must be managed appropriately.
  16. 16. Risk of Gain vs. Risk of Loss  A balancing act  Any real risk has to have real benefits.  If by removing the risk you remove the purpose, what is the point?
  17. 17. Some Concepts of Risk  The following are ideas that you need to wrap your head around and plan for accordingly.
  18. 18. Some People are Lucky
  19. 19. Some People are Unlucky
  20. 20. Poo Happens!
  21. 21. Systems Are Worth While "For crying out loud, I was hibernating!... Don't you guys ever take a pulse?"
  22. 22. Risk Management is More Than A Manual
  23. 23. Questions You Can Ask Yourself? Am I?:
  24. 24. In the right place
  25. 25. At the right time
  26. 26. With the right equipment
  27. 27. With the right people.
  28. 28. Is There A Reason For What I Am Doing?
  29. 29. What Is The Likelihood?
  30. 30. What Is The Consequence?
  31. 31. And Remember
  32. 32. Poker  Have four people play some hands of poker. $10 buys you in.  How did the players approach the risk?  What strategies did they employ?  Did they have the same:  Skill  Luck  Strategies  What affected the strategies they used?
  33. 33. Poker & Risk Management  In many ways Poker serves as a good metaphor for Risk Management.  What metaphors did you see?  What metaphor did returning the cash intact at the end serve as?