The RM (Risk Management) step that develops controls and makes risk decisions typically involves the "Control" phase, which follows the assessment of risks. In this phase, organizations implement measures to mitigate identified risks, evaluate the effectiveness of these controls, and make informed decisions on risk acceptance or further action. This step ensures that risks are managed proactively, aligning risk tolerance levels with organizational goals. Regular reviews and adjustments to controls are also essential to adapt to changing circumstances and emerging threats.
five steps of the deliberate risk management process
The purpose of the "Develop Controls and Make Risk Decisions" step in Composite Risk Management is to identify and implement measures that will mitigate identified risks to an acceptable level. This involves evaluating potential controls, determining their effectiveness, and prioritizing actions based on the level of risk. By making informed risk decisions, organizations can allocate resources efficiently and enhance overall safety and operational effectiveness. Ultimately, this step ensures that risks are managed proactively and strategically.
five steps of the deliberate risk management process
Develop controls and make risk decisions
Identify hazards, Assess hazards, Develop controls and make decisions, Implement controls, Supervise and evaluate
Develop controls and make risk decisions, implement controls, and supervise and evaluate
Develop controls and make risk decisions, implement controls, and supervise and evaluate
Develop controls and make risk decisions
Develop controls and make risk decisions
Develop controls and make risk decisions
Develop controls and make risk decisions
Develop controls and make risk decisions
Develop controls and make risk decisions
Develop controls and make risk decisions
Identify Hazards Assess Hazards Develop controls & Make Decisions Implement Controls Supervise & Evaluate
Develop controls and make risk decisions
Develop controls and make risk decisions