Risk Management Planning

Having an understanding  of what risks exist, what impact they can  have, and how to deal with them, but also  constantly keeping an open eye for new  risks by putting plans and contingencies in  place.

• Risk Evaluation

• Risk Awareness

• Risk Mitigation

• Risk Analysis

Benefits of Risk Awareness?

• Better Decisions

• Appropriate Approach

• Increased Performance

• All of the answers

Risk evaluation is to assist in making decisions based on the outcomes of risk analysis,

about which risk need treatment and the priority for treatment implementation.

• True

• False

Surveys or questionnaire serve as a guideline for reviewing facilities or  programs

• Risk Analysis

• Risk Evaluation

• Risk Analysis

Detect change in external or internal context:

a) Analysis, lessons learned, continuous

b) Analysis, lessons learned, continuous improvement

c) Identify emerging risks

• Risk Contigency Planning

• Risk Tracking & Reporting

• Risk Identification

• Risk Mitigation

ACCEPT is retaining the risk by informed decision. Taking or increasing the risk in order  to pursue an opportunity.

• True

• False

AVOID is changing the likelihood. Changing the consequences (impact)

• True

• False

TRANSFER is sharing the risk with another party or parties (including contracts and risk  financing)

• True

• False

Some useful methods are:

• Brainstorming

• Checklist of complaints

• Incidence reporting data

• Risk Identification

• Risk Analysis

• Risk Evaluation

• Risk Awareness

Qualitative risk analysis

rates or scores risk based on the perception of the severity and likelihood

of itsconsequences

• True

• False