Elements and Performance Criteria
- Make risk decision
- Identify and select treatment options
- Treatment options of known risks are identified and confirmed as contained in organisational standards and guidelines or supervisor’s guidance.
- Treatment options under consideration are evaluated for effectiveness within the given context.
- Selected treatment options are documented and communicated in accordance with organisational policies and procedures.
- Implement treatment options
- Monitor and review risk and the process
- Effectiveness and efficiency of the treatment plan is monitored, reviewed and recorded in accordance with organisational policies and procedures to ensure compliance and validity.
- Residual risk is calculated and communicated to supervisors so that a decision can be made whether to accept this risk or to re-establish the risk management process.
- Treatments are adjusted and communicated following the review process.