Presentation Guildmore Risk Mgt Mar 2014
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Risk assessment is a systematic approach to identifying hazards and controlling risks. It involves establishing the context, identifying risks, analyzing and assessing their likelihood and potential impact, prioritizing them, treating risks by avoiding, reducing, transferring or retaining them, and communicating and monitoring the process on an ongoing basis. Maintaining a risk register that lists risks, analyses them, and assigns treatment options can help prevent failures and demonstrate that risks were properly managed if issues later occur.
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This document provides guidance on conducting a corruption risk assessment. It outlines the key steps which include establishing the context, identifying risks, analyzing risks, evaluating risks, and monitoring risks. As part of risk identification, it gives an example of identifying a bribery/corruption risk related to the integrity officer receiving a bribe in exchange for not conducting a fair verification process. For risk analysis, it involves analyzing the root causes of risks, existing controls, and control effectiveness. Risk evaluation determines the residual risk and risk treatment approach. The document emphasizes that a risk action plan is required for risks rated above low to design measures to reduce the likelihood or impact of corruption risks.
Presentation on QRM
1. Quality Risk Management (QRM) is a systematic process that organizes information to support risk-based decisions. It involves identifying hazards, analyzing risks associated with hazards, and managing risks.
2. Several tools can be used for risk analysis including Failure Mode and Effects Analysis (FMEA) which analyzes potential risks and their effects. Risk is evaluated by considering severity, probability of occurrence, detection, and calculating a Risk Priority Number (RPN).
3. Appropriate control measures should be identified to reduce risks to an acceptable level. Residual risk after controls is implemented should be re-evaluated.
Risk management
It is said that a leader’s job is to take people where they have not been before. Leaders often have to take risks - leading their organisation into unfamiliar territory – but the risks are always calculated and the decisions always informed. Wanting always to play safe and not risk making any mistakes does not sit comfortably with good leadership. As Drucker says, ‘People who don’t take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year.’
Risk Assessment and Risk Assessment Matrix Presentation
The document discusses the process of conducting a risk assessment. It defines risk assessment as identifying potential harms or dangers in the workplace and determining their likelihood and impact. The document outlines a 5-step process for risk assessment: 1) identify hazards, 2) analyze risks, 3) evaluate risks, 4) control risks, and 5) monitor and review risks. It also discusses using a risk matrix to help prioritize risks based on their probability and potential impact. The risk matrix assigns quantitative values to probability and impact to calculate the overall risk rating.
Using FMEA as a Risk Management Tool for Events Sustainability
When planning an event, we have to take into consideration issues such as environmental, social and economic. Actions need to be taken to address risks and opportunities. We need to establish the ways how to identify and evaluate them.
The webinar covers:
• Planning for Events Sustainability
• Risk Management Process for Sustainability
• Advantages of using the FMEA Risk Score
Presenter:
This webinar was hosted by PECB Certified Trainer and Founder/ CEO at Powerhouse Development and Coaching Academy, Ms. Mary Anne Concio.
Link of the recorded webinar published on YouTube: https://youtu.be/4IamxVdji9o
Quality risk management
Risk management is a systematic process of assessing, controlling, communicating, and reviewing risks associated with equipment, processes, materials, facilities, distribution, and patients. It involves identifying potential failure modes and their causes and effects, analyzing risks, and prioritizing critical risks. Tools like Failure Mode and Effects Analysis (FMEA) are commonly used to structure the risk analysis and management process. The goal is to design quality into processes and products throughout the product lifecycle to maintain quality and minimize risks.
Session 02 Risk Assessment Program for YSP_The Risk Assessment Process
Program Objectives
In light of industrialization trends across the globe, new hazards are constantly introduced in many workplaces. This program aims to provide Young Safety Professionals (YSPs) from diverse backgrounds with the requisite skill to address the health and safety hazards in the modern workplace.
Risk Management (1) (1).ppt
The document defines risk and issue, outlines the risk lifecycle and management cycle, and provides details on risk identification, analysis, assessment, and management. Key points include:
- A risk is a potential future event that could negatively impact objectives, while an issue is a current problem.
- The risk management cycle includes identifying risks, assessing them, selecting strategies, implementing controls, and monitoring/evaluating.
- Risk identification involves knowing the organization's assets and sources of risk. Risk analysis assesses the likelihood and impact of risks.
Qrm presentation
Risk management is a central part of any organization's strategic management. It helps understand potential upside and downside factors that can affect the organization. The key aspects of risk management include risk identification, analysis, evaluation, and assessment to understand probability of success, failure, and uncertainty. It then focuses on risk reduction, control, and acceptance. The overall goal is to increase probability of success while reducing probability of failure and uncertainty of achieving objectives.
Microbiological Hazard and Risk Assessment of Fish and Fishery products
All the microbial hazard and risk assessment of fish and fishery products are described here for the advancement of fish and fishery products to cope up with the advancing and progressing world.
Group 5 ( microbial hazard and risk assessment )
1. The document discusses various types of hazards including chemical, physical, biological, noise, and ergonomic hazards.
2. It also discusses key aspects of microbial risk assessment such as hazard identification, exposure assessment, hazard analysis, and risk assessment.
3. Quantitative microbial risk assessment is presented as an important discipline that uses computational techniques and data to model and predict public health outcomes from food safety hazards.
Risk manajemen-intro
This document provides an overview of corporate risk management. It defines risk according to ISO 31000:2009 as "the effect of uncertainty on objectives." It notes that managing risk can both reduce negative impacts and increase positive impacts for business. The document outlines key elements of risk management including risk causes, factors, and failures. It discusses the evolution of risk management from compliance-focused to business optimization-focused. It provides examples of establishing the context, risk assessment, treatment, and monitoring within a risk management process. Finally, it gives criteria for measuring likelihood, impact, risk rating, risk treatment effectiveness, and different risk treatment measures.
Dealing with Operational and Ecosystem Risk
This document discusses the key steps in a risk management process:
1. Identifying risks through risk statements that define the root cause, consequence, and downstream impact.
2. Analyzing and prioritizing risks by estimating their probability, impact, and exposure.
3. Planning risk actions by developing strategies to reduce exposure for high-priority risks.
4. Tracking risks and reporting changes in their status to ensure risk plans stay up-to-date.
5. Controlling risks by monitoring plans and taking corrective actions in response to triggering events.
Risk Management Overview
This document provides an overview of risk management. It discusses the role of employees in risk management as the "first line of defense" and "eyes and ears" of the organization. It describes unusual occurrences and critical incidents as methods to capture risks, with the goal of reporting and learning. The risk management framework involves risk assessment, profiling organizational risks, and mitigating risks. Effective risk management is a shared responsibility requiring engagement from all levels of an organization through communication in a risk network.
PECB Webinar: Hazard Identification, Risk Assessment and Determining Controls...
As part of managing the health and safety of your business you must control the risks in your workplace. To do this you need to think about what might cause harm to people and decide whether you are taking reasonable steps to prevent that harm. This is known as risk assessment and it is something you are required by law in most parts of the world. People are often put off by the idea of Risk Assessment because they think it is over complicated, difficult to complete and unnecessary. You may have already taken steps to protect your employees, this webinar will help you decide whether you have covered all you need to as per the requirements of OHSAS 18001?
Following points will be covered:
• Overview of Different Methods available for Risk Assessment
• Concept of HAZID, HAZAN, HAZOP, Risk Assessment, Risk Evaluation and Risk Management
• Risk Matrix
• As Low as Reasonably Practicable – ALARP
• Hierarchy of Risk Control
• Material, Environment, Equipment, People
Mr. Muhammad Dawood is currently working as General Manager at Sustainable Business Solutions. With graduation in Chemical Engineering and MSc Engineering in Process Safety and Loss Prevention, Dawood has diversified experience in the occupational health & safety sector and have worked in services, fertilizer, oil and gas and mechanical construction industries. During these years he had the experience of Risk Assessments for OHS, behaviour, fire and Explosion, Participate in HAZOP meetings, working on different NFPA standards, hazardous area classification, developing and implementing OHSAS 18001, ISO 9001 and ISO 14001, Implementing People based safety programmes, TNA, Emergency Response planning and implementation, incident investigations, site HSE plans etc. He not only has rich experience of system development but also have performed audits of above mentioned standards. He is Approved trainer to deliver more than 30 Internationally Accredited courses including ISO 9001, ISO 14001 and OHSAS 14001 and has delivered 7000+ man-days of trainings.
Similar to Presentation Guildmore Risk Mgt Mar 2014 (20)
Risk Assessment and Risk Assessment Matrix Presentation
Risk Assessment and Risk Assessment Matrix Presentation
Using FMEA as a Risk Management Tool for Events Sustainability
Using FMEA as a Risk Management Tool for Events Sustainability
Session 02 Risk Assessment Program for YSP_The Risk Assessment Process
Session 02 Risk Assessment Program for YSP_The Risk Assessment Process
Microbiological Hazard and Risk Assessment of Fish and Fishery products
Microbiological Hazard and Risk Assessment of Fish and Fishery products
PECB Webinar: Hazard Identification, Risk Assessment and Determining Controls...
PECB Webinar: Hazard Identification, Risk Assessment and Determining Controls...
Presentation Guildmore Risk Mgt Mar 2014
- 2. ‘Risk assessment is a systematic approach to hazard identification and control.’
- 3. 1. Part of day to day operations but may not be documented. 2.Important to systematically review all risks. 3.Courts can’t second guess after the event if risk management has been professionally implemented. 4.Can prevent critical failures.
- 4. Establish context Identify risks Analyse risks Assess and prioritise risks Treat risks Communicateandconsult MonitorandReview Context: PFI project Identify: What can go wrong? Analysis: Likelihood & effectiveness of controls Assess: Agree priorities Treat: Avoid, Reduce, Transfer or Retain likelihood
- 5. Information Technology Financial Environment Health & Safety People Design Legal Systems Risk Categories Construction • Materials • Equipment
- 6. SEVERITY TABLE Level Descriptor 1 Negligible 2 Slight 3 Moderate 4 High (Major) 5 Very High (Catastrophic) LIKELIHOOD TABLE Level Descriptor 1 Very unlikely (Rare) 2 Unlikely 3 Possible 4 Likely 5 Very Likely (Almost Certain)
- 8. Level of risk Inherent risk Assessed risk Effectiveness of existing management processes to mitigate risk Opportunity for further risk reduction strategies
- 10. Reduce Accept Transfer Avoid Accept the level of risk Reduce likelihood or consequence Move responsibility to 3rd party Do not proceed with the activity Options
- 11. Reference Risk description Severity Likelihood Risk score Risk Level
- 12. 1. Objectives 2. Risks – Identify, Analyse, Assess & Prioritise, Treat 3. Options - Accept, Reduce, Transfer, Avoid 4. Risk Register 5. Who is responsible for each risk treatment? 6. Deadlines for action 7. Ongoing Risk Management to monitor and review