RISK MANAGEMENT

20問 • 2年前

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caughting

fire

• a process used to identifypotential hazards and analyzewhat could happen if a disaster or hazard occurs • a management tool that provides fact based and science based decision making in safety, security, sanitation, etc.

Risk Analysis

is something that has the potential to harm you

Hazard

is the likehood of a hazard causing harm

risk

what are the performance managing program

*Aligning Employees Activities *Developing Specific Job *Creating Measurable performance *Defining Job Development Plans

has a main purpose of finding, recognizing, and describing the risk that might help or prevent an organization to achieve its objective.

Risk identification

organization’s legal, financial and criminal exposure if it does not follow industry laws and regulations

compliance risk

chance of a risk materializing due to a failure in the set of controls placed by the bus ines s . For example, material misstatements could a p p e a r w h i l e p r e p a r i n g a company’s financial statement due to a lack of relevant internal controls to mitigate a particular risk.

control risk

These types of risks come from dangerous situations in the workplace. Such as: physical hazards caused by high noise levels, extreme weather or other environmental factors. equipment hazards caused by faulty equipment or poor processes when using equipment such as machinery

hazard risk

an essential concept in decision-making that involves potential lost and unfavorable outcome associated with selecting one option over another Examples; include moving a business to a different location, buying a new property, or selling a new product or service.

opportunity risk

process of identifying and analyzing potential i s sues that could negatively impact key business initiatives or projects . This proces s i s done to help organizations avoid or mitigate those risks.

Risk Analysis

*A key process in project management *Help deciding whether to proceed in a project or not *Ensures only projects with the highest chance of success are selected *Used in project planning and during project implementation

risk analysis

considers the fullspectrum of threats (i.e., natural,criminal, terrorist, accidental, etc.) for a given facility/location. The assesment should measure the supporting information to evaluate the relative likelihood of occurrence for each threat

Threat Assessment

h i s t o ri cal data c o n c e r n i n g frequency of occurrence for given n a t u r a l d i s a s t e r s s u c h a s tornadoes, hurricanes, floods, fire, or earthquakes can be used to determine the credibility of the given threat.

natural threats

crime rates in the surrounding area provide a good indicator of the type of criminal activity that may threaten the facility. In addition, the type of assets and/or activity located in the facility may also increase the target attractiveness in the eyes of the aggressor.

Criminal threats

the attractiveness of the facility as a target is a primary consideration .For example, a terrorist wishing to strike against the federal government may be more likely to attack large federal building than to attack a multi-tenant office building containing a large number of commercial tenants and a few government tenants.

terrorist threats

The facility is damaged/contaminated beyond habitable use. Most items/assets are lost, destroyed, or damaged beyond repair/restoration. The number of visitors to other facilities in the organization may be reduced by up to 75% for a limited period of time.

devastating

the facility is partially damaged/contaminated. Examples include partial structure breach resulting in weather/water, smoke, impact, or fire damage to some areas. Some items/assets in the facility are damaged beyond repair, but the facility remains mostly intact. The number of visitors to this and other facilities in the organization may be reduced by up to 50% for a limited period of time

severe

The facility is temporarily closed or unable to operate, but can continue without an interruption of more than one day. A limited number of assets may be damaged, but the majority of the facility is not affected. The number of visitors to this and other facilities in the organization may be reduced by up to 25% for a limited period of time.

noticeable

The facility experiences no s i g n i f i c a n t i m p a c t o n operations (downtime is less than four hours) and there is no loss of major assets

minor

Reed finals

Leah Jean Better · 28問 · 2年前

Reed finals