Think of the plan for site handling after a

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Unformatted text preview: what to do when and if the risk we occurs”. Think of the plan for “site handling after a workerequipment accident”. Dr. Maged Ezzat Georgy Contingency Contingency Planning 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. nothing Risks for which this strategy is selected are simply too too small to be of concern”. Think of the risk “shortage of sand”. Dr. Maged Ezzat Georgy Risk Risk Avoidance 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 them. This strategy involves changing the design of the product or ho...
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