Once we have identified and assessed a risk, what can it be done in response to manage the risk?
Question:
Answer:
You come up with possible ways to deal with it and prevent it from reoccurring if possible. Then you decide which plans are the best and implement them. After a period of time evaluate what you have done and possibly start the whole process over again.
evacuate, and corner off the area until the bomb squad arrive
Can you keep the risk contained?...do you have emergency services available if the risk gets out of hand? Who is at risk? Are these people aware of the risk. Notify others of the risk to avoid becoming involvd in it. This is way to vaque --I need a whole scenario to answer.
-Risk removal or reduction
-Risk transfer
-Impact removal or reduction
-Accept the risk
- Accept the risk, with or without a contingency plan.
- Transfer the risk to someone else - e.g. outsouce.
- Avoid the risk e.g. do something different
- Mitigation of Impact - take steps to reduce the impact of the risk if were to happen
- Mitigation of Probability - take steps to reduce the probability of a risk occuring
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