Can You Risk It? - Insurance Commission of Western Australia

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5. EDIT CONSEQUENCE CATEGORIES AND LIKELIHOOD TABLESThis is the fi rst step in the risk management process that you need to complete before you start toidentify risks. When you click on Edit Consequence Categories and Likelihood Tablesbutton, you have the choice of changing the Definitions of the Qualititative Measures ofConsequences and Frequency of Likelihood. Examples are displayed below.TO CHANGE CONSEQUENCE DEFINITIONIf you wish to change Consequence, click on the Consequence Tab located at the top left hand corner of theform. This will display the sample qualitative measurement criteria set for Consequence Category. Please select aConsequence Category from the drop down list and you may change it to meet your group’s measurement criteria.For example, we have selected Financial Impact in the Consequence Category box and modifi cations maybe made in the Definition box as displayed below. You may wish to change the values based on your agency’sbudget. Once you have made your modifi cations, please click on the Save button. When you click on the Save buttona message box will ask you to click OK if you wish to save the changes. If you click no another message box will bedisplayed asking you whether you wish to clear the form.27 Can You Risk It? An Introduction to Risk Management for Community Organisations
TO CHANGE LIKELIHOOD FREQUENCYSelect the Likelihood Tab if you wish to make changes to this category. This will display the samplequalitative measurement criteria set for Likelihood—Description and Frequency. You may modifythe Likelihood measurement criteria—the probability/frequency to meet your group’s measurementcriteria. Once you have made your modifi cations, please click on the Save button. When you clickon the Save button a message box will ask you to click OK if you wish to save the changes. If youclick no another message box will be displayed asking you whether you wish to clear the form.Can You Risk It? An Introduction to Risk Management for Community Organisations 28
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 16 and 17: Attachment ASample Risk Reference T
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 32: Case StudyA sporting club undertake

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