Elements and Performance Criteria
- Establish the context of the risk analysis.
- Identify risks associated with an activity.
- Conduct risk analysis of an activity.
- Determine existing organisational controls for each risk according to Work Health and Safety legislation and industry best practice guidelines and standards.
- Assess the likelihood of any given risk turning into an accident, injury or loss.
- Assess the consequences of particular incidents in order to determine the degree of emphasis to be placed on the risk.
- Analyse the likelihood and consequences of particular risks and classification of risk.
- Undertake risk assessment of an activity.
- Compare the level of risk established during the analysis process with previously established risk-evaluation criteria.
- Rank or prioritise risks for further action, taking account of the wider context of the risk.
- Consider the objectives of the organisation and the extent of opportunity which could result from taking the risk.
- Accept risks that fall into the low or acceptable categories without further treatment.
- Treat risks associated with an activity.
- Identify specific risk-treatment options applicable to risks that fall outside the low or acceptable categories.
- Evaluate risk-treatment options according to the organisation’s risk-management plan.
- Document the activity-specific risk-treatment plan.
- Implement the risk-treatment plan prior to and during the activity.
- Monitor and review the risk management of an activity.
- Document risk analysis, evaluation and treatment options.
- Monitor risks and the effectiveness of the risk-treatment plan.
- Repeat the risk analysis of the activity regularly to ensure the risk-treatment plan remains relevant.
- Make changes to the conduct of an activity, where required, in accordance with review recommendations.
- Implement recommendations of the organisation’s risk audit in future risk analysis of the activity.