Evaluate activities to eliminate, mitigate, deflect risk
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Risk treatment:
This is the most common risk management strategy that I use because it is easily understood and implemented. It means I limit the risk impact so that when a risk occurs it causes the least amount of damage possible.
Risk treatment can take form of any of the below:
Avoid the activity
Retain the risk
Share the risk
Change consequence or likelihood
Seek opportunity
Remove the source
The treatment of risk depends upon the nature and severity of the risk in question and may change over time as and when the likelihood and impact changes.
We will continue with our identified fall hazard in Task 2 and select and evaluate the activities to treat the risk of falling from height.
The fall hazard in ADNOC Refinery is identified as the risk. We have used quantitative approach in analyzing this risk and have seen in earlier tasks that risk and consequence matrix revealed a score of 4 which was identified as a minor risk when the likelihood and impact is combined. To establish the base for discussion, below we see the categories in which the results are combined before an appropriate risk treatment strategy is selected and applied. These are:
Low risk – score of 1 through 6
Medium risk – score of 8 through 12
High risk – score of 15 through 25
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"96% of our customers have reported a 90% and above score. You might want to place an order with us."
