1. Risk Management 101

2. Definition of adventure? An experience with uncertain outcomes Key information may be missing, vague or unknown Life as an adventure Retaining a level of risk in our lives Risk versus reward

3. What is Risk? The potential to lose or gain something of value Physical (broken bones or increase fitness) Mental (fear or increase confidence) Social (embarrasment or increase self esteem) Financial (lost kayak or winning WWGP)

4. Risk Management Gauging risk levels Risk assessment Risk reduction strategies Understanding social and psychological factors that contribute to risk

5. Risk Levels LOW Real Risk HIGH LOW Perceived Risk HIGH

6. Absolute Risk The uppermost limit of risk inherent in a situation that has no safety controls present. “What is the worst that can happen?”

7. Residual Risk The amount of risk present once the absolute risk has been adjusted by safety controls. Difficult to determine accurately

8. Perceived Risk Any individual’s subjective assessment of the residual risk present at any time Influenced by a range of personal factors

9. Risk Assessment people equipment ACTIVITY environment

10. Risk Matrix LOW Severity HIGH LOW Likelihood HIGH

11. hazard register risk management plan (including an emergency action plan) organisational safety management system emergency response system equipment registers and logs Risk Management Tools