Preparation for
Management of Risks

Analysing Threats and Hazards

• Determining the potential for an undesired event through:
   • Establishment of Likelihood of Occurrence
   • Identifying Vulnerabilities
• Evaluating Consequences should threats or hazards materialise
• Assessing Risks arising

• Producing Risk Reviews to:
   • Highlight the specific aspects of assets and projects that are, or may be, at risk
   • Recommend adjustments to the plans, procedures and processes that provide      Risk Management coverage. These adjustments include designing-out the risks      and designing-in risk mitigation
   • Setting Risk Management priorities
• Producing Risk Treatment Plans as a framework to implement Risk Management
  processes and procure solutions for managing risk.