Organisational Risk Management Flashcards
What does the Police threat assessment methodology: TENR stand for?
- Threat is assessed
- Exposure is managed (potential harm, security of places or things)
- Necessity to intervene, immediatly considered
- Response is proportionate and considered on assessment of above points
In what situations must TENR be applied? (2)
Clue: ‘all situations that…’
all situations that involve risk
and
potential to cause harm
What definition of ‘Risk’ do NZP use?
Clue: ‘The effect of…’
“The effect of uncertainty in achieving objectives.”
- What is a negative risk also known as?
- What is a positive risk also known as?
- A threat
- An opportunity
The risk management guidelines support our Risk Management Policy and provide a practical process to deal with risk. What are those five steps: (5)
Clue: Establish, ID, A, E, TA
- Establish context
- Identify risk
- Analyse risk impact
- Evaluate risk
- Take action
What are the three key roles for risk management?
- Risk Coordinator Role
- Risk Lead Role
- Treatment Lead Role
With regards to Step 1 (Establishing Context) of the risk management process what three thing need to be considered?
Clue: Understand…, Identify…, Define…
- Understand importance of activity
- Identify objectives/outcomes
- Define internal/external factors
With regards to Step 2 (Identify Risk) of the risk management process what four thing need to be considered?
Clue: Select…, Consider…, Confirm…, Write…
- Select an approach to risk identification
- Consider potential risk to objectives/outcomes
- Confirm risks are not issures
- Write a risk statement
What is the main difference between ‘Risks’ and ‘Issues?’
- Risks: important and non-urgent, future event may/may not happen (need focus and planning)
- Issues: important and urgent, occurring/has occurred (need immediate management)
For each risk/opportunity identified, what three questions should be asked? (3)
- What would cause the risk to occur?
- What would the consequences be?
- Any financial impact?
What are the three ‘elements’ and ‘linking words’ to writing a ‘risk statment?’
Clue: UE, C, C
- Uncertain Event: “There is a risk of…”
- Cause: “as a result of…”
- Consequence: “this may lead to…”
With regards to Step 3 (Analyse Risk) of the risk management process what three thing need to be considered?
Clue: I, D, RM
- Identify existing controls (Guidance: Control vs Treatment)
- Determine the risk using consequences and likelihood tables
- Risk Matrix
With regards to Step 4 (Evaluate Risk) of the risk management process Study the Risk Response Table
What are the five types of intervention when deciding on the best approach or treatment for a risk?
Clue: P, D, C, D
- Prevention -stop it happening
- Detective -alert to something happening
- Corrective -undertake corrective action
- Directive -trigger someone to do something
5With regards to Step 5 (Take Action) of the risk management process what five thing need to be considered?
Clue: Decide, D, C, E, C,
- Decide approach and treatment
- Develop risk response
- Confirm risk response will reduce risk
- Ensure Risk Lead/Treatment Lead understand
- Capture results