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What is risk management?

It may not be possible to have a risk-free environment, but it no prescription is possible to manage risk. 

What is Risk management?
Risk analysis
Risk Management Planning
Standard Operating Procedures

Safety Guidelines 

What is Risk management?
Risk management is the culture, processes and structures that are directed toward the effective management of potential opportunities and adverse effects. Risk management is the process of managing an organisation's potential exposure to liability, preventing its occurrence or providing funds to meet the cost of a liability, if it occurs. In other words, it is the effort to avoid, reduce or transfer liability. Risk management is the process of reducing potential loss to an acceptable level. How much risk is acceptable? How do we justify this acceptable level of risk to others?

Risk analysis 

Risk analysis is the systematic use of available information to determine how often specified events may occur and the magnitude of their likely consequences. It involves estimating how specified events might impact on an activity, determining how likely they are to happen and the potential severity of the consequences if they do. Risk analysis and the assessment or evaluation of that risk is used in a risk management plan.

Risk Management Planning 

Risk management is the process of reducing potential loss to an acceptable level. A risk management plan is a compilation of policies and procedures that are established to manage an organisation's risks and to assist the organisation to perform more effectively.

Policies provide the framework for an organisation to manage their risks and to outline how these risks are to be addressed (eg, an organisation's policy on sun protection, or a policy that requires all staff to have current first-aid qualifications).

Procedures outline how the policies are to be implemented in order for risks to be managed. They are the practical parts of a risk management plan (eg, procedures to reduce risk, such as implementing familiarisation programs for staff or providing pre-activity health screening).
 
Standard Operating Procedures 

Standard Operating Procedures (SOPs) address program design and delivery issues. They are generally incorporated into an organisation’s operations manual. An operations manual is never complete and will always change and need updating. The Outdoor Recreation Industry Council of NSW has recently developed a resource entitled The Risk Management Document: acheter du cialis en ligne Strategies for Risk Management in Outdoor and Experiential Learning (2nd ed). This resource, with example forms used by outdoor organisations, provides useful information to assist in the development of an operations manual.

Safety guidelines 

Safety guidelines direct the development of Standard Operating Procedures (SOPs). However, the implementation of the guidelines and their incorporation into SOPs is influenced by factors such as:

program philosophy
staffing
participant/client skill levels
location

The procedures chosen may vary between programs and between organisations. What should be the same is that each organisation has chosen and implemented procedures to ensure that they are based on the guidelines and are consistent with the above factors.

Guidelines contain data that is often categorised as:

a. required (ie, legislated);

b. common practice (ie, practice that is used by safe and reputable operators);

c. suggested practice (ie, a practice worthy of consideration and application).

Different activity groups and associations publish guidelines.
 
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