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Elements and Performance Criteria

1. Identify risk
   • Sources of risk are identified by considering the interaction of hazards, communities and the environment
   • Stakeholders are consulted throughout the risk assessment process
   • Risk statements describing consequences are documented, in accordance with organisational policies and procedures
2. Analyse risk
   • Risks are analysed by considering the likelihood of consequences occurring
   • Vulnerability of communities and environments is determined by analysing their susceptibility and resilience to risks
   • Risks are rated, in accordance with organisational procedures and agreed risk probability criteria
3. Evaluate risk
   • Risks requiring additional analysis or treatment are determined and documented
   • Tolerability and acceptability of risks are agreed with stakeholders
   • Risk treatments are prioritised using agreed risk criteria
4. Monitor and review
   • Hazard and risks assessments are monitored, in accordance with relevant standards and guidelines
   • Evaluated risks assessments are reviewed and reported, in accordance with industry standards and organisational guidelines
   • Sources of risk are identified by considering the interaction of hazards, communities and the environment
5. Stakeholders are consulted throughout the risk assessment process
6. Risk statements describing consequences are documented, in accordance with organisational policies and procedures
   • Risks are analysed by considering the likelihood of consequences occurring
7. Vulnerability of communities and environments is determined by analysing their susceptibility and resilience to risks
8. Risks are rated, in accordance with organisational procedures and agreed risk probability criteria
   • Risks requiring additional analysis or treatment are determined and documented
9. Tolerability and acceptability of risks are agreed with stakeholders
10. Risk treatments are prioritised using agreed risk criteria
    • Hazard and risks assessments are monitored, in accordance with relevant standards and guidelines
11. Evaluated risks assessments are reviewed and reported, in accordance with industry standards and organisational guidelines

Range Statement

Range is restricted to essential operating conditions and any other variables essential to the work environment. Non-essential conditions may be found in the Companion Volume Implementation Guide.

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