Nature & Treatment of Risk

Risk for most people is an accepted part of everyday life e.g. catching a bus or walking to the shop etc... will carry some element of risk. Risk is associated with our health, safety, security, well being, employment, education, daily activities, using resources and equipment and community participation. Some adults such as those who are disabled or who are older are usually discouraged from taking risks with their budgeting, planning, employment and their daily living skills usually because people fear for their limitations or that they might hurt themselves or others. Everyone has the right to take risks and make

Risk is defined by the probability of injury, harm, loss or danger. We all take risks every day, and don’t even think about implications.

Anybody who takes a full role in society takes risks: crossing the road, using a bus, driving a car, and talking to people they do not know. Risk may be physical (injury and accident), emotional (humiliation, sense of failure), or mental (stress).

Risk – A risk in a health and social care setting is when there is a strong possibility of harm occurring through a hazard.

You will look at the protecting factor which is a factor that will reduce the risk and help stop the risk becoming a reality. It 's not about getting rid of the risk but helping people to understand the potential consequences and risks that come with day to day living and using the protecting factors to reduce them as much as possible.

Risk refers to any potential problems that would threaten the likelihood of success for or any project. These potential problems might prevent a project from achieving some or all of its objectives by increasing time and cost. Risk factors can even

Risk: A risk is the chance, high or low, that any hazard will actually cause somebody harm. (the likelihood of it happening).

Risk is what may occur or, that which is likely to occur, as a result of a particular incident. Risk is part of everyday life and it exists in every activity undertaken by humanity. However, some risks can be avoided and are not as grave as others. To evaluate a risk, careful consideration is given to its nature and consequences. Risk is calculated relative to the damage an incident causes and the level, size, and extent of exposure to said damage. Hazard is the apparatus that causes the damage or harm, and exposure is the degree, depth, and scope of the risk as influenced by the nature of the source of danger. In other words, risk can be determined by multiplying hazard by exposure (Nemeth,

* There are three (3) schools of thought regarding risk. The first considers the positive and negative aspects of risk, but sees them as separate. The second group believes that there are benefits from treating threats and opportunities together, while the third school does not label uncertainties, but addresses uncertainty as part of “doing the job.” Argue the value of having a risk strategy despite the cost associated with it. Include an example to support

His client is at risk as he is likely to either slip or have an electric shock.

Defined by Coopers textbook, risk is the exposure to the consequences of uncertainty and has two elements: the likelihood of something happening that has an impact on the project objectives, and the positive or negative consequences of something impacting the project objectives (Cooper, Grey, Raymond, & Walker, 2005)

The word “risk” means the possibility of suffering a harmful event. Risk taking can bring either positive or negative result because anytime we take risks in life, there is a possibility of loss which can cause tension. There are a lot of people who take big risks and appear not to be affected by them. But, many of us feel very uneasy when faced with risk-taking; we may become worried about the risk. Although some people are content in life by just playing it safe and not courting any

There is no single definition of risk. Many insurance authors traditionally have defined risk for uncertainty. A risk is an uncertainty concerning the occurrence of a loss.

Risk management is a much broader process in aviation industry. It includes basically solutions to the various risk factors. They are as follows:

Risk management is an activity which integrates recognition of risk, risk assessment, developing strategies to manage it, and mitigation of risk using managerial resources. Some traditional risk managements are focused on risks stemming from physical or legal causes (e.g. natural disasters or fires, accidents, death). Financial risk management, on the other hand, focuses on risks that can be managed using traded financial instruments. Objective of risk management is