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AN INTRODUCTION TO
RISK
What It Is & Managing It
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
Definitions of Adventure
            A risky undertaking, or a
             remarkable and exiting
             experience.
             www.nps.gov/mana/
             education/vocab.htm
Definitions of Adventure
   The feelings that you gain from an
    uncertain outcome.
                              Wil Rickards
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)
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.
The Questions then become
 What can you risk?
 What types of risk are there?

 What is risk?
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?
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)
Same Questions
   What can you risk?
   What types of risk are there?
   What is risk?
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.
Risk can be divided into:
             Real, where participants
              could be injured: e.g.
              rockfall, river crossing,
              etc.
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.
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
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.
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?
Some Concepts of Risk
   The following are ideas that you need to
    wrap your head around and plan for
    accordingly.
Some People are Lucky
Some People are Unlucky
Poo Happens!
Systems Are Worth While




"For crying out loud, I was hibernating!...
Don't you guys ever take a pulse?"
Risk Management is More Than
A Manual
Questions You Can Ask
Yourself?




Am I?:
In the right place
At the right time
With the right equipment
With the right people.
Is There A Reason For What I Am
Doing?
What Is The Likelihood?
What Is The Consequence?
And Remember
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?
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?

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Risk Management 101

  • 1. AN INTRODUCTION TO RISK What It Is & Managing It
  • 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. Definitions of Adventure  A risky undertaking, or a remarkable and exiting experience. www.nps.gov/mana/ education/vocab.htm
  • 4. Definitions of Adventure  The feelings that you gain from an uncertain outcome. Wil Rickards
  • 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. 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. The Questions then become  What can you risk?  What types of risk are there?  What is risk?
  • 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. 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. Same Questions  What can you risk?  What types of risk are there?  What is risk?
  • 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. Risk can be divided into:  Real, where participants could be injured: e.g. rockfall, river crossing, etc.
  • 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. 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. 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. 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. Some Concepts of Risk  The following are ideas that you need to wrap your head around and plan for accordingly.
  • 19. Some People are Unlucky
  • 21. Systems Are Worth While "For crying out loud, I was hibernating!... Don't you guys ever take a pulse?"
  • 22. Risk Management is More Than A Manual
  • 23. Questions You Can Ask Yourself? Am I?:
  • 24. In the right place
  • 25. At the right time
  • 26. With the right equipment
  • 27. With the right people.
  • 28. Is There A Reason For What I Am Doing?
  • 29. What Is The Likelihood?
  • 30. What Is The Consequence?
  • 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. 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?