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Lesson 1 - Risk Identification

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111 views21 pages

Lesson 1 - Risk Identification

Uploaded by

Daisy Panilaga
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Risk

Management
as Applied to
Safety,
RIS
Security, &
Sanitation
DAISY P. PANILAGA
HM Instructor
K
UNIT 1:
Risk Assessment
within the
framework of Risk
Identification, Risk
Analysis, &
Risk Evaluation
RISK
is the chance or probability that
a person will be harmed or
experience an adverse health
effect caused by a hazard. It
may also apply to situations
with property or equipment
loss.
Factors that influence the degree
of risk include:
How much a person is exposed to a hazardous
1º
thing or condition;

How the person is exposed, and how severe


2º are the effects under the condition of
exposure.
RISK
Management
It is the continuing process to
identify, analyze, evaluate, and
treat loss exposures and
monitor risk control and
financial resources to mitigate
the adverse effects of loss
As a management tool,
risk assessment process is
used to identify potential
hazard and analyze what
could happen if a disaster
or hazards occur.
ACTIVITY 1:

Described risk your everyday


life and how it affect your daily
living?
RISK ASSESSMENT

Risk Identification Risk Analysis Risk Evaluation

• Comprehend the
nature of risk and
• Find the risk. its: • Support fact-
• Recognize the  Characteristics based and
risk.  Sources science-based
• Describe the risk.  Consequences decision
 Likelihood
 scenarios

RISK MANAGEMENT

- Framework for Risk Assessment -


LESSON 1:
RISK
Identification
RISK MANAGEMENT
PRINCIPLE
refers to the fundamental guidelines and standards
used to identify, analyze, evaluate, and respond to
risks within an organization.
The ISO 31000 RISK MANAGEMENT PRINCIPLES

SRUCTURED
INTEGRATED & CUSTOMIZED INCLUSIVE
COMPREHENS Appropriate and
A structured The Risk
IVE management
timely
and framework and
involvement of
Risk stakeholders
comprehensiv process are
management enables their
e approach to customized and
is an integral knowledge,
risk proportionate to
views, and
part of all the
management perceptions to
organizational organization’s
contributes to be considered
activities external and
consistent and internal context
resulting in
comparable improved
related to its
result awareness and
objective.
informed risk
management.
The ISO 31000 RISK MANAGEMENT PRINCIPLES

BEST CONTINUAL
DYNAMIC AVAILABLE HUMAN AND
IMPROVEMEN
Risk can INFORMATION CULTURAL
T
emerge, The inputs to FACTORS
change, or risk Risk
disappear as management Human behavior management is
an are based on and culture continually
organization’s historical and significantly improved
external and current influence all through learning
aspects of risk experience.
internal information
management at
context and on future each level and
changes. expectations. stage.
DIFFERENT RISK
IDENTIFICATION
APPROACHES
Risk assessment, which is the overall process of
risk identification, risk analysis and risk evaluation,
should be conducted systematically, iteratively and
collaboratively, drawing on the knowledge and views
of stakeholders.
RISK ASSESSMENT AND
RISK IDENTIFICATION

The very purpose of risk identification is to find,


recognize, and describe the risks that might help or
prevent and organization to achieve its objective.
The organization can use a range of techniques for
identifying uncertainties that may affect one or more
objectives. The following factors, and the relationship
between these factors, should be considered:

• Tangible and intangible source of


risk
• Causes and events
• Threats and opportunities
• Vulnerabilities and capabilities
• Changes in the ecternal and internal
context
The organization can use a range of techniques for
identifying uncertainties that may affect one or more
objectives. The following factors, and the relationship
between these factors, should be considered:

• Indicators of emerging risks


• The nature and value of assets and
resources
• Consequences and their impact on
objectives
• Limitations of knowledge and
reliability of information
The organization can use a range of techniques for
identifying uncertainties that may affect one or more
objectives. The following factors, and the relationship
between these factors, should be considered:

• Time related factors


• Biases
• Assumptions
• Beliefs of those involved
Is the potential These are risks that
damage business can prevent and
face when they fail determine the
to comply with COMPLIAN achievement of
HAZARD
CE company goals,
industry standards, RISK
RISK
laws and missions and
regulations. objectives.
TYPES
OF
These are risks that RISKS These are risks that are
can cause uncertaintly usually delibertaelt
or doubt about the sought or embraced by
CONTROL OPPORTUNI
ability to achieve the organization
RISK TY
company’s goals, RISK
specifically for the
missions, and future long- term
objectives. success of any
organization.
Categories of Operational
CATEGO Disruption
EXAMPLES OF
RY Lack of people skills and limited
DISRUPTION
resources
Peopl Improper behavior by a manager
Unexpected absence of key
e associates
Sickness, illness, or injury to
associates
No enough prohibition
Damage or contamination to
Premis premises
es Damage of physical assets
Theft of physical assets
Categories of Operational
CATEGO Disruption
EXAMPLES OF
RY DISRUPTION
Failure of IT hardware or software
Proces Interference due to computer virus
and hacker
ses Mismanagement of information

Poor products or service quality


Supplier failure
Produc Delivery of defective goods or its
ts pasts
Logistics failure
SHORT QUIZ:
Answer each question clearly and concisely. 20 pts each

1. Among the eight principles of effective risk


management as stipulated in Philippine National
Standards 31000, which do you think should be
prioritized by a tourism related enterprise? Explain
clearly and concisely.
2. Applying the definition of opportunity risks, why do you
think that international chains of hotels and even local
hotel chains are investing inn the Philippines?

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