Risk Management Report

Topics: Risk management, Risk, Management Pages: 14 (2449 words) Published: April 20, 2013
1. Introduction
1. Establish goals and context
2. Identify stakeholders (internal and external)

2. Risk Register
2.1 Identify the Risks
2.2 Analyse the Risks
2.3 Likelihood, Consequences and Assessment Outcome of Risks 2.4 Evaluate the Risks

3. Risk Treatments (Avoid; Reduce likelihood; Reduce consequences; transferring the risk; Retaining the risk) 1. Recommended Response and Impact

4. Implementation
4.1 Proposed Actions
4.2 Proposed Communication
4.3 Responsibilities (Internal and External)
4.4 Timing
4.5 Resource requirements (funds, people, equipment etc)

5. Reporting and Monitoring

1. Introduction

Risk Management is the Occupational Health and Safety (OHS) process used by organisations to identify, assess and control risks by allocating resources. To minimise the probability and impact of hazardous events. The process allows for careful consideration of stakeholder’s comfort and enjoyment levels as well as identifying costs for resources.

Strategies to manage risk include transferring the risk to other parties, avoid the risk, reducing the negative impact of the risk, and accepting any or all consequences of each risk.

1.1 Establish goals and context

Each year, Hearing Exclusive Learning Centre offers a Christmas Party for its enrolled children. Their parents and volunteers, staff, board of management members and management are invited. Parents usually bring along guests who have not been specifically invited. Santa arrives by truck, parked outside the centre near to the road. We must minimise risks for the hearing impaired children and ensure everyone safely enjoys the event.

1.2 Identify stakeholders

Board of Management Members
Sponsor’s Truck
Sponsor’s Truck Driver
Hearing Exclusive Learning Centre’s Duty of Care

Parent’s Guests

1. Risk Register

The Risk Register records details of all the risks identified at the beginning and during the event. Their grading in terms of likelihood of occurring and seriousness of impact. Initial plans for mitigating each high level risk. The costs and responsibilities of the prescribed strategies and subsequent results.

2.1 Identify the Risks in order of Importance (low to high)

a. Risk of not enough BBQ equipment and food
b. Risk of inappropriate behaviour by attendees
c. Risk of liability claims for non-disclosure of OHS to all stakeholders d. Risk of allergies/medical conditions
e. Risk of getting burnt by hot exhaust pipe or BBQ food
f. Risk of stressful noise
g. Risk of getting food poisoning
h. Risk of harm from the use of party supplies
i. Risk of harm from rubbish
j. Risk of injury from fights
k. Risk of not enough staff to monitor at the event
l. Risk of falling from activity or off the high truck cabin m. Risk of being run over by vehicle(s)
n. Risk of child going missing

2.2 Analyse the Risks

Risk Table
|Likelihood |Consequences | | |Negligible Injury |First Aid Injury |Minor Injury |Major Injury |Fatality | |Very Likely |H |H |E |E |E | |Likely |M |H |H |E |E | |Possible |L |M |H |E |E | |Unlikely |L |L |M |H |E | |Highly Unlikely |L |L |M |H |H |

Risk Assessment Outcome
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