The Application Of Sound Risk Management Procedures Within An Organization

Changing circumstances within the workplace can cause hazards because other workers can be put at risk because they haven’t been made aware of the changes and management needs to be informed. Risk assessment is a method put in place that is suitable and sufficient to control the risk to health and safety to both employees and other persons who may be affected.

Risk management attempts to recognize and manage potential and unforeseen trouble spots that may occur when the project is implemented (Larson & Gray F, 2003). So, risk management will allow the project manager of “The Renovation of the Terminal B at LaGuardia Airport” identify as many risk event as possible, minimize their impact, manage response to those risks that do materialize, and therefore provide

This report will be evaluating the project risk management in the construction of T5 airport. It will start with a brief background on Heathrow terminal 5. The report will then take a critical look at some of the British Airport Authority’s (BAA) method of risk allocation and identification. It

• Investigate reasons for hazard and what preventative measures may need to be taken in thefuture

Assess the likelihood of occurrence and the impact of the assigned hazard to where you live. Tell us your assigned hazard, the vulnerability of your area to that hazard, then the likelihood that the hazard will occur. Rate the risk assessment on a scale of 1 to 10, with 1 being low risk and low vulnerability and 10 being high risk and high

* Estimate the risk level and probability and then determine the severity using the risk assessment matrix

Protection of the public is crucial throughout the entirety of the project. Jake Jabs College of Business and Entrepreneurship is being constructed on a very busy campus, in a populated area. Controlling and detouring traffic, people, and parking around the site properly will be of grave concern. The entire construction site will be enclosed in 6 ft. high chain link fence and where pedestrian safety is exclusively endangered outside this area, barricades will be placed to inform persons of possible safety hazards. If any visitors are brought to the project site, proper safety orientation will be successfully completed and they will wear proper PPE.

Risks management is an important step during the process of a project. Failing to manage a risk may result in unforeseen event happening and a project’s failure. For example, with limited budget, an unforeseen event or an accident occurs in the middle of a project and this matter has not been considered and needs a big sum of expense, then the project may be stopped because of this unexpected event. We should know it is necessary to understand how to identify risks and assumptions based on the information. After identifying risks, it is important for project managers to set contingency plans to prevent and deal with these risks when they occur. Of course, several problems may happen during considering

Intro –What is a hazard? - Human and Physical Factors – How to manage with events

assist in the identification of hazards, the assessment of risks and the implementation of risk control measures

A painted line six feet from the perimeter will be clearly marked prior to any wall erection activities to warn of the approaching unprotected

Who might be harmed and how? - Once hazards have been identified you need to understand who will be harmed and how. This could be the resident themselves, the staff or visitors.

This assignment is included in the 2014 session of the Risk Management module of the MSc in Project Management course at University of Aberdeen. The main purpose of the assignment is to demonstrate my understanding of the issues involved in Risk Management and how they are applied in my current Project environment. The assignment is split in to two questions as detailed below.

One well accepted description of risk management is the following: risk management is a systematic approach to setting the best course of action under uncertainty by identifying, assessing, understanding, acting on and communicating risk issues. In order to apply risk management effectively, it is vital that a risk management culture be developed. The risk management culture supports the overall vision, mission and objectives of an organization. Limits and boundaries are established and communicated concerning what are acceptable risk practices and outcomes. Since risk management is directed at uncertainty related to future events and outcomes, it is

1 Persons at Risk: Consider who might be harmed and if any pregnant or young people are involved. Enter the maximum number of accident workers who may be involved and if they have had training. Hazard Identification & Risk Quantification before control measure in place. List the hazards (ie something with the potential to do harm) in the boxes provided. If there are more than 5 hazards identified, please add more rows and number them accordingly.