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Unformatted text preview: what to do when and if the risk
Think of the plan for “site handling after a workerequipment accident”. Dr. Maged Ezzat Georgy Contingency
Sometimes, another term is used to denote the active
risk acceptance, that is “contingency planning”. Dr. Maged Ezzat Georgy Active vs. Passive Acceptance
Risk acceptance is considered passive when:
“nothing at all is done to plan for the risk occurrence.
Risks for which this strategy is selected are simply
too small to be of concern”.
Think of the risk “shortage of sand”. Dr. Maged Ezzat Georgy Risk
This strategy is all about making the risk cease to
exist (in other words, to remain a possibility).
But, you do not have a control on the risk occurrence.
Rather, you address the risk triggers in a way that the
risk is not possible any more. Dr. Maged Ezzat Georgy Risk Avoidance
A common way to avoid risks is to design around
This strategy involves changing the design of the
product or ho...
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- Winter '14