Elements and Performance Criteria
- Establish the risk context
- Aims, objectives, scope and boundaries of the risk assessment are clearly defined in accordance with organisational policies and procedures
- Risk evaluation criteria is identified and confirmed as contained in organisational policies, procedures or supervisors' guidance
- Structure for the planning required to conduct a risk assessment is determined
- Aims and objectives of stakeholders are identified and recorded in accordance with workplace procedures and guidelines
- Identify risk
- All possible sources of risk which may impact on the situation or objectives are identified and recorded in accordance with workplace procedures and guidelines
- Sources of risk are identified from the perspective of all stakeholders
- Risks are identified using a specified methodology or tool in accordance with workplace procedures and guidelines
- Stakeholders are consulted during the risk identification process to finalise a list of risks
- Analyse risk
- Potential consequence of a risk and the likelihood of that consequence are estimated
- Risks are analysed using a specified method or tool in accordance with organisational policies and procedures
- Levels of risk are determined, documented and communicated in accordance with organisational policies and procedures
- Evaluate risk