ITSM

What is the Hazard ?

• is a condition, property or situation with the potential for loss

• Risk is a function of the probability of contact with (or exposure to) a hazard

• Risk evaluation of identified hazards taking into account the existing controls and defences

• Risk assessment of hazards identified through a review of the potential unsafe-acts

What is the Risk?

• Risk evaluation of identified hazards taking into account the existing controls and defences

• Risk is a function of the probability of contact with (or exposure to) a hazard, multiplied by the likely severity of the consequences of that contact or exposure.

• Controls are the precautions taken to prevent or reduce the risk of a hazard

• is one where additional control measures are required to eliminate or reduce the risk of loss

What is the control ?

• the measures taken to prevent the consequences of the incident should it occur (by protecting people, equipment, etc.

• Risk assessment of hazards identified through a review of the potential unsafe-acts

• Risk evaluation of identified hazards taking into account the existing controls and defences

• Controls are the precautions taken to prevent or reduce the risk of a hazard causing an incident with the potential for loss.

What is the Defences ?

• the measures taken to prevent the consequences of the incident should it occur (by protecting people, equipment, etc, from a hazard and the resulting harm / loss if a control fails).

• includes personal injury, death, physical or mental ill-health, damage to property, equipment, products or the environment, production losses

• Controls are the precautions taken to prevent or reduce the risk of a hazard causing an incident with the potential for loss

• is a condition, property or situation with the potential for loss

Risk Assessment mean?

• Risk assessment of hazards identified through a review of the potential unsafe-acts.

• Risk evaluation of identified hazards taking into account the existing controls and defences.

• Risk ranking is a process by which risks can be prioritised for action.

• Risk is a function of the probability of contact with (or exposure to) a hazard.

Risk Prediction Mean?

• Risk evaluation of identified hazards taking into account the existing controls and defences.

• “Harm ” includes personal injury, death, physical or mental ill-health

• A “hazard” is a condition, property or situation with the potential for loss

• Risk assessment of hazards identified through a review of the potential unsafe-acts.

Risk Ranking Mean ?

• Risk ranking is a process by which risks can be prioritised for action.

• Risk evaluation of identified hazards taking into account the existing controls and defences.

• Risk is a function of the probability of contact with (or exposure to) a hazard, multiplied by the likely severity of the consequences of that contact or exposure.

• A “hazard” is a condition, property or situation with the potential for loss.

What is the correct order of the stages in The Project Risk Management Process Cycle ?

• Assess, Plan, Respond, Repeat, Close

• Assess, Identify, Plan, Monitor, Respond

• Identify, Assess, Plan Response, Monitor & Respond, Close

• Plan, Identify, Assess, Respond, Close

Which of these is a realistic risk to a SW development project?

• There could be a staff member that is ill during the project

• A hardware supplier could fail to supply on time or to budget

• The client changes their requirements halfway through the project

• The budget is not sufficient for the project

• All of these

Which of these is NOT a possible strategy for responding to a project risk

• Transfer

• Avoid

• Mitigate

• Accept

• Redefine