Risk Management

Establish, Monitor & Review, Evaluate, Treat, Analyze

Establish, Identify, Analyze, Evaluate, Treat, Monitor & Review

Identify, Analyze, Evaluate, Establish, Monitor, Treat

Monitor & Review, Establish, Identify, Analyze, Evaluate, Treat,

A 2D grid that helps us to visualise the severity of any risk

A List of risks and their strategies

A rating of each risk

None

Risk is losing something of value.

Risk is gaining something of value.

Risk is the potential to lose or gain something of value.

an incident where information is stolen or taken from a system without knowledge

the process of minimizing or reducing harm from risk.

the simulation of human intelligence in machines that are programmed to think like humans

a process that deals with investments

cybercrime

data breaches/leaks

power outages

All of the above

a company losing data through data breaches/leaks.

damage to reputation through social media

the danger of a process/product/technology becoming out-of-date within a short space of time.

None

how bad/severe the risk is.

how possible it is for the risk to happen.

the effect/consequence of the risk.

when the risk will happen.

European Exchange-Rate Mechanism

Enterprise Resource Manager

Employee Relationship Management

Enterprise Risk Management

To generate more paperwork

Create work for the designated safety officers

Proportion blame in the event of an accident occurring

To evaluate hazards and to minimise the levels of its risk

Likelihood x Consequence

Severity x Consequence

Consequence + Likelihood

Uncertainty / Impact