Elements and Performance Criteria
- Identify and obtain risk information
- Assess information against established risk acceptance criteria
- All relevant risk information is assessed to determine if it is comprehensive and pertinent to the nature of the risk
- Surveys/reports are reviewed and commissioned if applicable to risk
- Data on risk exposure from survey report is interpreted
- Risk information is compared against risk acceptance criteria and organisation capacity to assess and accept risk according to terms and conditions of risk assessment
- Liaison with other internal departments is conducted to assess impact on business if applicable
- Proposed amendments to organisation wording are reviewed and compared to acceptance criteria
- Risk assessment data is documented according to organisation policy and procedures
- Issue a quotation