Classification of risk | Diseases affecting humans, animals and plants Economic perils (eg, currency fluctuations, interest rates, share market) Environmental (eg, noise, contamination, pollution) Financial (eg, contractual risks, misappropriation of funds, fraud, fines) Human perils (eg, explosions, riots, strikes, sabotage) Natural perils (eg, climatic conditions, earthquakes, bushfires, vermin, volcanic activity) Occupational health and safety (eg, inadequate safety measures, poor safety management) Product liability (eg, design error, substandard quality control, inadequate testing) Professional liability (eg, wrong advice, negligence, design error) Property damage (eg, fire, water damage, earthquakes, contamination, human error) Public liability (eg, public access, egress and safety) Security (eg, cash arrangements, vandalism, theft, misappropriation of information, illegal entry) Technology (eg, obsolescence, advances and failure) |
Sources of risk | Commercial and legal relationships between the organisation and other organisations (eg, suppliers, subcontractors, lessees) Economic circumstances of the organisation, country, internationally as well as factors contributing to those circumstances (eg, exchange rates) Human behaviour of both those involved and those not involved in the organisation Natural events Political circumstances including legislative changes and factors which may influence other sources of risk Technology and technical issues both internal and external to the organisation Management activities and controls Individual activities |