Risk Management Flashcards
What is included in Management of Risk?
Risk Avoidance, Risk Mitigation, Risk Quantification - the risks of various routes of procurement
What is the probabilistic method of the quantification of risk?
The probalistic method of risk is when you assign a subjective probability to each risk in the register for best case, likely case and worst case. these total 1 (100%) and generates and expected value for each risk.
What are the various types of risk?
Environmental, Construction, Project, Natural, Political, Social, client
Name a time you managed a risk?
Sherwood Close Phase III – I worked on a risk design workshop that I led. We spent an entire DTM looking at designing out issues that could arise from elements of design in both construction, maintenance and use of the building. This included elements such as the play space and window cleaning strategy. I also managed and updated the Risk Register and Design Risk Register for the project alongside our Principal Designer.
How has Clarion looked to mitigate risk?
ZIP – Clarion focuses in on H&S as one of its key principals as a part of this I spent an afternoon on a Zero Incident Pledge course, which highlighted the way we all personally view risk and how every member of Clarion has a responsibility for day to day risks both on and off site.
New Health and Safety Manager?
