Handout of the workshop

1. BGreener Risk Management Workshop
Risk Management
X
BGREENER
RISK MANAGEMENT WORKSHOP

2. BGreener Risk Management Workshop
Schedule
• 9:00am – 10:00am: 60-minute presentation - Risk Management
Fundamentals
• 10:00am – 10:15am – Coffee Break
• 10:15am – 11:15am – Workshop
• 11:15am – 11:45pm – Question Time
• 11:45am – 12:00pm - Closing of the Class

3. BGreener Risk Management Workshop
Risk Management Principles
• Create value – resource expended to mitigate risk should be less than the
consequences of inaction
• Be an integral part of organisational processes (and culture)
• Be part of decision making
• Explicitly address uncertainty and assumptions
• Be systematic, structured and timely
• Be based on the best available information
• Be tailorable
• Take human and cultural factors into account
• Be transparent and inclusive
• Be dynamic, iterative and responsive to change
• Facilitates continual improvement and enhancement of the organisation
• Be continually or periodically re-assessed

4. BGreener Risk Management Workshop
Benefits of Risk Management
• Increases the likelihood of achieving objectives
• Encourages proactive management
• Be aware of the need to identify and treat risk throughout the organisation
• Improve the identification of opportunities and threats
• Achieve compatible risk management practices between organisation and
nations
• Comply with relevant legal and regulatory requirements and international
norms
• Improve governance
• Improve stakeholder confidence and trust
• Establish a reliable basis for decision making and planning
• Improve controls
• Effectively allocate and use resources for risk treatments
• Improve operational effectiveness and efficiency

5. BGreener Risk Management Workshop
Benefits of Risk Management
• Enhance health and safety performance and environmental protection
• Improve loss prevention and incident management
• Minimise losses
• Improve organisational learning and
• Improve organisational resilience.

6. BGreener Risk Management Workshop
Risk Categories (small business)
• Business continuity
• Liability
• Environmental
• Financial
• Political
• Occupational Health and Safety
• Infrastructure, Assets and Systems
• Reputation
• Technical / Competitive.

7. BGreener Risk Management Workshop
Risk Management:
What is a Threat / Hazard?
Any elements that has the capacity to cause you loss or harm?
What is a Risk?
The uncertainty regarding future events.
Likelihood: How likely is the event to occur?
Consequence: What are the consequences should the risk occur?

8. BGreener Risk Management Workshop
Likelihood
Consequence
Monitor/
Review
Stakeholderconsultation
CCoonnsseeqquueennccee
Likeliho
od
Establish Goals & Context
Identify Risks
Analyse Risks
Estimate Risk Level
Likelihood
Consequence
Evaluate the Risks
Treat the Risks

9. RISK MANAGEMENT!
Consequence!
!
!
Likelihood!
Insignificant!
!
Minimal'Impact'
Minor!
!
!
Some'Impact'
Moderate!
!
Significant'Impact'
Major!
!
Extensive'Impact'
Catastrophic!
!
Extreme'Impact'
Almost!Certain!
Annually' Moderate' Significant' High' Extreme' Extreme'
Likely!
Few'Years' Moderate' Moderate' Significant' High' Extreme'
Possible!
Once'in'History' Low' Moderate' Moderate' Significant' High'
Unlikely!
Rarely'''''''''''
1CinC100'
Low' Low' Moderate' Moderate' Significant'
Rare!
Less'than''''''
1CinC100'
Low' Low' Low' Moderate' Moderate'

10. BGreener Risk Management WorkshopRisk Reporting AS AT 25-Oct-18
Assessment of Existing Controls
Adequate
Opportunities for
Improvement
Inadequate No Assessment Totals
Risk Priority
V High 0 0 0 0 0
High 0 12 6 0 18
Medium 15 28 4 0 47
Low 1 0 0 0 1
Totals 16 40 10 0 66
Consequence
Catastrophic Major Moderate Minor Negligible Totals
Likelihood
Almost Certain 0 0 0 0 0 0
Likely 0 0 0 5 1 6
Possible 1 12 9 8 0 30
Unlikely 5 15 2 1 0 23
Rare 3 2 2 0 0 7
Totals 9 29 13 14 1 66
Colour Code V High
High
Medium
Low
ng AS AT 25-Oct-18
Assessment of Existing Controls
portunities for
mprovement
Inadequate No Assessment Totals
0 0 0 0
12 6 0 18
28 4 0 47
0 0 0 1
40 10 0 66
Consequence
Major Moderate Minor Negligible Totals
0 0 0 0 0
0 0 5 1 6
12 9 8 0 30
15 2 1 0 23

11. BGreener Risk Management Workshop
Extreme
Requires:
. handling by most
senior event
manager
. consultation with
the company
owner
. immediate plan to
introduce new
controls to reduce
the residual risk
. expectation of
financial
expenditure.
High
Requires:
. the senior event manager
to note the residual level
of risk
. advice to the company
owners
. a plan to introduce new
control measures that
reduce the residual risk
. expectation of additional
financial expenditure
. acceptance of the
residual risk by the event
staff and managers if no
new control measures are
possible.
Moderate
Requires:
. clearly allocated
responsibility for
managing the risk
in the work unit.
. an examination of
possible cost-
effective options to
reduce or avoid the
risk.
. advice to senior
management where
the consequences
are major or
catastrophic.
Low
Requires:
. clearly allocated
responsibility for
managing the
risk
. management
through existing
processes and
procedures.
. unlikely to
require extra
resources or
senior
managerial
attention.
Significant
Requires:
. clearly allocated
responsibility for
managing the risk at
senior levels (PIC).
. additional controls
to reduce or avoid
the risk, possibly
involving additional
cost.
. acceptance of the
residual risk by the
event staff and
managers if no new
control measures
are possible.

12. BGreener Risk Management Workshop
Avoid the
risk
by not
proceeding
with the
policy,
program,
project or
activity.
Treat the level of risk
by reducing the likelihood or
negative consequences of
occurrence, including through
research, stronger controls,
revised organisational
arrangements, increased
monitoring, improved training
or better planning.
The consequences of
occurrence might be reduced
by contingency planning,
disaster recovery plans,
effective contractual
arrangements or better
stakeholder consultation.
Share or transfer the risk
by shifting responsibility for
the risk to another party.
This might be done by
contract, insurance,
legislation or administrative
processes. It is essential
where risk is transferred
that principles of fairness
and equity are observed.
The possibility that sharing
the risk might also create
new risks or modify the old
risks should also be
considered.
Accept the risk
where the risk
cannot be avoided,
transferred or
reduced, or where
the cost of doing
so cannot be
justified.
In accepting risk,
managers should
be aware of
possible
consequences.
Consider risk treatment options

13. Page 1 of 15
What Standard Control Measures are you Proposing?CONTROLREFERENCE
Category How many/type Required? Method of Assessment
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CONTROLREFERENCE
Category How many/type Required? Method of Assessment
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CONTROLREFERENCE
Category How many/type Required? Method of Assessment
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CONTROLREFERENCE
Category How many/type Required? Method of Assessment
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CONTROLREFERENCE
Category How many/type Required? Method of Assessment
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CONTROLREFERENCE
Category How many/type Required? Method of Assessment
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CONTROLREFERENCE
Category How many/type Required? Method of Assessment
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20. Page 8 of 15
Identified Risk
RiskReference
The Risk
What Can
Happen?
Source
How can this
happen
Likelihood of Risk
Occurring
Rare / Unlikely /
Possible / Likely /
Almost Certain
Impact
from event
happening
Insignificant / Minor
/ Moderate / Major
/ Catastrophic
Proposed controls (use reference)
Assessment of Proposed Controls
(Acceptable / Areas for
Improvement / Unacceptable)
1
2
3
4

21. Page 9 of 15
RiskReference
The Risk
What Can
Happen?
Source
How can this
happen
Likelihood of Risk
Occurring
Rare / Unlikely /
Possible / Likely /
Almost Certain
Impact
from event
happening
Insignificant / Minor
/ Moderate / Major
/ Catastrophic
Proposed controls (use reference)
Assessment of Proposed Controls
(Acceptable / Areas for
Improvement / Unacceptable)
5
6
7
8

22. Page 10 of 15
RiskReference
The Risk
What Can
Happen?
Source
How can this
happen
Likelihood of Risk
Occurring
Rare / Unlikely /
Possible / Likely /
Almost Certain
Impact
from event
happening
Insignificant / Minor
/ Moderate / Major
/ Catastrophic
Proposed controls (use reference)
Assessment of Proposed Controls
(Acceptable / Areas for
Improvement / Unacceptable)
9
10
11
12
13

23. Page 11 of 15
RiskReference
The Risk
What Can
Happen?
Source
How can this
happen
Likelihood of Risk
Occurring
Rare / Unlikely /
Possible / Likely /
Almost Certain
Impact
from event
happening
Insignificant / Minor
/ Moderate / Major
/ Catastrophic
Proposed controls (use reference)
Assessment of Proposed Controls
(Acceptable / Areas for
Improvement / Unacceptable)
14
15
16
17

24. Page 12 of 15
RiskReference
The Risk
What Can
Happen?
Source
How can this
happen
Likelihood of Risk
Occurring
Rare / Unlikely /
Possible / Likely /
Almost Certain
Impact
from event
happening
Insignificant / Minor
/ Moderate / Major
/ Catastrophic
Proposed controls (use reference)
Assessment of Proposed Controls
(Acceptable / Areas for
Improvement / Unacceptable)
18
19
20
21
22

25. Page 13 of 15
RiskReference
The Risk
What Can
Happen?
Source
How can this
happen
Likelihood of Risk
Occurring
Rare / Unlikely /
Possible / Likely /
Almost Certain
Impact
from event
happening
Insignificant / Minor
/ Moderate / Major
/ Catastrophic
Proposed controls (use reference)
Assessment of Proposed Controls
(Acceptable / Areas for
Improvement / Unacceptable)
23
24
25
26
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26. Page 14 of 15
RiskReference
The Risk
What Can
Happen?
Source
How can this
happen
Likelihood of Risk
Occurring
Rare / Unlikely /
Possible / Likely /
Almost Certain
Impact
from event
happening
Insignificant / Minor
/ Moderate / Major
/ Catastrophic
Proposed controls (use reference)
Assessment of Proposed Controls
(Acceptable / Areas for
Improvement / Unacceptable)
28

27. Page 15 of 15
Risk Treatment
RiskReference
Potential Treatment Strategies
Is the Treatment
to be
Implemented
(Y/N)
Target Risk
Score
Responsible
Person
Timetable
For implementation
Monitoring strategies to measure
effectiveness of Risk Treatments
Likelihood
Consequence
TargetLevel
1
2
3
Person Completing:
Position:
Action required:
Residual Risk:
Date completed:
- End of Risk Assessment -