Risk-Analysis-Power-Point - RISK ANALYSIS Almost all of the...

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RISK ANALYSIS
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Almost all of the things that we do involve risk of some kind, but it can sometimes be challenging to identify risk, let alone to prepare for it. Risk Analysis helps you understand risk, so that you can manage it, and minimize disruption to your events. Risk Analysis also helps you control risk in a effective way. Risk Analysis helps you identify and manage potential problems that could undermine your activity.
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Risk is made up of two things: the probability of something going wrong, and the negative consequences that will happen if it does. You carry out a Risk Analysis by first identifying the possible threats that you face, and by then estimating the likelihood that these threats will materialize.
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PROBABILITY PROBABILITY THAT SOMETHING WILL GO WRONG A— Likely to occur immediately or in a short period of time, expected to occur frequently. B— Probably will occur in time. C— May occur in time D— Unlikely to occur .
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SERIOUSNESS SERIOUSNESS OF RISK I May result in death. II May cause severe injury major property damage, significant financial loss, and/or result in negative publicity for the organization and/or institution.
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