Can You Risk It? - Insurance Commission of Western Australia

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Attachment ASample Risk Reference TablesQUALITATIVE MEASURES OF CONSEQUENCESLevel Rank Financial Impact Injuries/Death Reputation and Image1 Insignifi cant Less than $1000 No injuries2 Minor $1000 to $10,000 First aid treatment3 Moderate4 Major5 Catastrophic$10,000 to$50,000$50,000 to$150,000More than$150,000Medical treatmentrequiredDeath or extensiveinjuriesMultiple deaths orsevere permanentdisablementsUnsubstantiated, low impact,low profi le or no news item.Substantiated, low impact,low news profi le.Substantiated, publicembarrassment, moderateimpact, moderate news profi le.Substantiated, publicembarrassment, high impact,high news profi le,third party actions.Substantiated, publicembarrassment, very highmultiple impacts, highwidespread multiple news profi le,third party actions.Activities/OperationsLess than1 hour1 hour to1 day1 day to1 week1 week to1 monthMore than1 monthQUALITATIVE MEASURES OF LIKELIHOODLevel Descriptor Example Detail Description Frequency1 Rare The event may occur only in exceptional circumstances.2 Unlikely The event could occur at some time.3 Moderate The event should occur at some time.4 Likely The event will probably occur in most circumstances.5 Almost certain The event is expected to occur in most circumstances.Less than oncein 15 yearsAt least oncein 10 yearsAt least oncein 3 yearsAt least onceper yearMore than onceper yearSAMPLE RISK CRITERIALevel of Risk Criteria for Management of Risk1 – 3 Acceptable4 – 5 Monitor6 – 9 Management Control Required10 – 14 Urgent Management Attention15 – 25 UnacceptableCan You Risk It? An Introduction to Risk Management for Community Organisations 12
Attachment BSAMPLE RISK IDENTIFICATION FORMBusiness/Association/Club/GroupActivity/EventRisk Ref. No.Risk(What cango wrong?)Existing preventative measures:Consequence if Risk occurs(Select worst/or largest impact)ConsequenceratingLikelihood ratingLevel of riskWhat can you do about it? (Actions)1. Due Date Status(In progress/Completed)2. Due Date Status(In progress/Complete)3. Due Date Status(In progress/Complete)Level of risk after actions:ConsequenceratingName:Likelihood ratingLevel of riskDate:13 Can You Risk It? An Introduction to Risk Management for Community Organisations
Page 1 and 2: Can You Risk It?AN INTRODUCTION TOR
Page 3 and 4: ACKNOWLEDGEMENTRiskCover acknowledg
Page 5 and 6: IntroductionRisk management is all
Page 7 and 8: WHEN DO WE NEED TO MANAGE RISK?Risk
Page 9 and 10: Step 2 - Risk identificationThe pur
Page 11 and 12: Step 4 - Risk treatment and control
Page 13: Relevant LegislationUndertaking a r
Page 18 and 19: Risks by Level of RiskActivity/Even
Page 20 and 21: NotesCan You Risk It? An Introducti
Page 22 and 23: IntroductionIt is important to have
Page 24 and 25: MAIN MENU SCREENThe main menu scree
Page 26 and 27: DATA ENTRY FORMThe Data Entry Form
Page 28 and 29: 3. REPORT - RISKS BY ACTIONThis but
Page 30 and 31: 5. EDIT CONSEQUENCE CATEGORIES AND
Page 32: Case StudyA sporting club undertake

Can You Risk It? - Insurance Commission of Western Australia

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