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What is Risk Management?
The Process
Guiding Principles
Worksheets
Step 1
Purpose
What to do and how to do it?
Expected results and outputs
Decision
Checklist
Step 2
Step 3
Step 4
Step 5
Step 6
Glossary
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Photo - BridgePurpose

This step starts the process and includes the following preparatory activities:

  • identification of the specific problem or hazard and the associated risks
  • identification of the members of the project team and principal people or groups that may be affected or involved
  • determination of the responsibilities of members of the project team and the resources needed to complete the study
  • development of a workplan.
The time required by the team to complete the process depends on the scope of the study (i.e. a study of a specific climate impact, or a larger strategic study of all impacts).

It is recommended that a short version of the process initially be used. A relatively simple overview of the problem, using readily available data, would be very useful in developing a better understanding of the issues and scope of the problem.

To do this, the team would require only a day or several days to complete a preliminary overview.

Out of this overview of the risk management process, the team can expect to:

  • have a better understanding of how simple or complex the issue is
  • obtain a sense about what the main risk control measures could be
  • determine whether the preliminary study is sufficient or if a larger more comprehensive study is needed
  • know who the important stakeholders are and how they are likely to perceive the risks.

See Volume 2: Workbook & Case Studies (below) for examples of how to complete Step 1.



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