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What is Risk Management?
The Process
Guiding Principles
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Step 1
Step 2
Purpose
What to do and how to do it?
Expected results and outputs
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Step 3
Step 4
Step 5
Step 6
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Photo - Baffin IslandPurpose

This step is the beginning of the risk assessment part of the process. This is where the sequence of events or scenarios, and possible results, are carefully laid out for more detailed examination.

The project team now starts to:

  • Define the climate related hazard and the potential risks that may cause harm, in terms of loss of life, injury, damage to property, monetary losses to the community, cultural effects or impacts on the environment.
  • Consider what the time scales are around the possible outcomes from the risk situation.
  • Determine, in a very general sense, how complex the process is likely to be; confirm the probable timeframe for completing the work; and get a sense for whether the project team and resources assigned are sufficient.

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



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