Risk Management

Choose the correct names for techniques used to identify risks

Physical inspections of the workplace, Management / worker discussions and safety audits

Risk Register, Meetings, Managment

Management, Meetings, Audits

Charts, Meetings, Logbooks

Identify risk control strategies

Avoid, Stop, Transfer, Track

Avoid, Mitigate, Transfer, Reduce

Mitigate, Control, Stop, Track

Track, Avoid, Reduce, Stop

What are the 5 main sections in the risk management cycle?

Identify, Mitigate, Avoid, Reduce, Control

Plan, Control, Reduce, Stop, Track

Avoid, Mitigate, Plan, Transfer, Stop

Identify, Analyse, Plan, Track, Control

What resource can you use to help log risks during the planning stage of the risk management cycle?

Risk Register

Risk Diary

Risk Logbook

Chart

What are 3 items a risk register contains?

Phone numbers of managers , Fire Prevention, Weather Conditions

How to identify risks, what are risks, when they will occur

Damage Control, Prevent Injury, Fire Prevention

Damage Control, Prevent Injury, Phone number of managers

How does the risk matrix determine risk rating?

Probability x Risk

Severity / Probability

Probability x Severity

Risk / Severity

What does “severity” mean in terms of risk management ?

Level of probability of the risk occurring

The level of damage that can result from a risk

The level of impact the risk will have if it does not occur

Level of probability if the risk does not occur

What is the definition of a risk?

Project risk is a certain event or condition that, if it occurs, has a positive or negative effect on at least one of the project objectives

Project risk is an uncertain event or condition that, if it occurs, has a negative effect on at least one of the project objectives

Project risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on at least one of the project objectives

Project risk is an uncertain event or condition that, if it occurs, has a positive effect on at least one of the project objectives

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