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

In this step, a more detailed consideration is given to the probability or frequency and consequences of the events in the risk scenarios and the initial estimates that were developed in Step 2. Based on the initial estimates made in Step 2 low concern risks are discarded from further consideration.

See Volume 2: Workbook & Case Studies (below) for examples of how to complete Step 3.



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