Fishbone checklists and brainstorming are both tools

2. Fishbone checklists and brainstorming are both tools that can be
used in risk management. Describe each of these and when they
would best be used.
Fishbone diagram
: Also called a cause and effect diagram. Is a visualization tool for
categorizing the potential causes of a problem in order to identify
the root causes? It’s ideal to use it when there are many possibilities
3. What are the five stages of risk likelihood? Briefly describe
each one.
Rare: Very unlikely this will ever happen
© 2012 IBSA MC v.2 2015 / modified by MC Apr 2016 v 3
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Assessment Task 4 BSBRSK501 Manage risk
4. List and give an example description for each of the five
levels of consequence for risk .