Elements and Performance Criteria
- Develop risk management strategies
- Identify and document risks for a specific environment to include levels of probability and likely impacts.
- Integrate the perspective of all stakeholders when identifying risks.
- Develop and document contingency plans and procedures for risk elimination, minimisation and monitoring in consultation with colleagues and other stakeholders.
- Develop and document communication and reporting mechanisms in relation to identified risks including accountability and incident reporting.
- Establish mechanisms for the training and education of relevant colleagues and stakeholders.
- Establish procedures for ongoing identification of risks.
- Implement risk management strategies
- Monitor activities to identify potential risk on a continuous basis.
- Eliminate unacceptable risks wherever practicable in accordance with agreed strategies.
- Minimise risks that cannot be eliminated in accordance with agreed strategies.
- Monitor risks classified as low in accordance with agreed strategies.
- Monitor risk management strategies