Risk assessment and carrot
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The document outlines the CARROT risk management system which provides six strategies for dealing with risk: contingency, accept, reduce, remove, opportunity, and transfer. Contingency involves planning in advance for risks. Accept involves accepting risks that cannot be reduced or where benefits outweigh risks. Reduce lowers risks to acceptable levels through safer alternatives. Remove eliminates risks completely through alternative approaches. Opportunity considers whether risks could provide positive outcomes. Transfer passes risk management responsibilities to others.
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Main points covered:
• ISO 31000 defines risk as “effect of uncertainty on objectives” and an effect as “a deviation from the expected – positive and/or negative”. And yet the majority of organizations have an overwhelming focus on the negative. Why is this?
• Do organizations really understand the need to balance positive and negative?
• What do the new standards say about risk? How can organizations maximize their opportunities (upside) while still mitigating or controlling their risks (downside)?
Presenter:
This webinar was presented by Mike Gray, a highly qualified vocational education trainer and assessor and a Certified Trainer for PECB delivering training in ISO 9001 Quality Management, ISO 14001 Environment, OHSAS 18001 Health and Safety, ISO 22000 Food Safety, ISO 27001 Information Security, ISO 28000 Supply Chain Security and ISO 31000 Risk.
Link of the recorded session published on YouTube: https://youtu.be/BxEAO1IwLCs
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- 1. Risk Assessment What is it What are What are the What might go How likely is How easy is this What are the Score? that you, or the benefits consequences wrong? this? to anticipate consequences (multiply) the person for the of not doing it? 10 = very and prevent? for the person? want to do? person? 1 = not very 10 = not easy 10 = severe /mnt/temp/unoconv/20130325095414/riskassessmentandcarrot-130325045414-phpapp01.doc Connect in the North 0113 270 3233
- 2. CARROT - Risk management system • Contingency These are actions planned and organised in advance. These can then be used if or when the risk occurs. • Accept Accept the risk, either because nothing can be done to reduce it or because the benefits are greater than the risk itself. • Reduce Reduce the risk to an acceptable level by finding safer alternatives which still enable the individual to complete the activity they want to do • Remove Remove the risk completely by doing things differently. Where it is not possible to eliminate risk completely reduce it to a comfortable level. • Opportunity Can the risk be a positive one? • Transfer Can responsibility for managing the risk be transferred to someone else? For example could a 24 hour on call service be set up for advice and guidance? Connect in the North 0113 270 3233
- 3. CARROT - Risk management system • Contingency These are actions planned and organised in advance. These can then be used if or when the risk occurs. • Accept Accept the risk, either because nothing can be done to reduce it or because the benefits are greater than the risk itself. • Reduce Reduce the risk to an acceptable level by finding safer alternatives which still enable the individual to complete the activity they want to do • Remove Remove the risk completely by doing things differently. Where it is not possible to eliminate risk completely reduce it to a comfortable level. • Opportunity Can the risk be a positive one? • Transfer Can responsibility for managing the risk be transferred to someone else? For example could a 24 hour on call service be set up for advice and guidance? Connect in the North 0113 270 3233
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