

Armed with an understanding of the scenarios that compose the hazarda risk assessment model can be constructed. Aboveground Facilities Public Education Right-of-way Condition. Program management and maintenance are normally small relative to initial setup costs. Time and resources spent in these steps can be viewed as initial investments in a successfil risk management tool. The initial consensus often makes the difference between a widely accepted and a partially resisted system. These steps can be time consuming not only in the hands-on aspects, but also in obtaining the necessary consensus from all key players. This is discussed in Chapter Model design and data collection are often the most costly parts of the process. Beginning Risk Management Step 5: Manage the risks This step consists of determining what actions are appropriate given the risk assessment results. Risk assessment will need to be repeated periodically to capture changing conditions. These relative risk numbers can later be converted into absolute risk numbers. This is the process of applying the algorithn-the rules-to the collected data. Step 4:Assess the risks After a risk model has been selected and the data have been prepared, risks along the pipeline route can be assessed. Step 3: Devise and implement a segmentation strategy Because risks are rarely constant along a pipeline, it is advantageous to first segment the line into sections with constant risk characteristics dynamic segmentation or otherwise divide the pipeline into manageable pieces. Step 2: Collect and prepare data Data preparation are the processes that result in data sets that are ready to be read into and used by the risk assessment model.
ISO 31000 RISK MANAGEMENT PPT ISO
ISO 31000 - PowerPoint PPT PresentationĮxisting controls 4. Identify the root cause s of failure Why? Identify the most likely effect s i. Labour market Process risk Empowerment risk Purpose.

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