1. Risk Assessment Techniques
Topic 6
SMQR 5103

2. Risk Assessment Techniques – ISO 31010
FMEA
HAZOP
Root-cause analysis
Cause and effect analysis
HIRADC
Env. Aspect & Impact
Tree analysis
Bow Tie analysis
Cost benefit analysis

3. Identify Determine Address significant Determine control
Example 1: Environmental Aspect & Impact assessment steps
Identify
Determine
Address significant
Determine control
Activity
Env. Aspect
Env. Impacts
Activity
Env. Aspect
Env. Impacts
Env. Aspect & Impacts register
Aspect & impact identification
Significance
Control
Definition of rating
Significance rating
Frequency
Severity
Regulatory
Controllability
Accumulated ratings
Risk action table (risk rating, description & action)

4. Example 2: Hazard Identification, Risk Assessment & Determining Control (HIRADC) steps

5. Develop HIRADC Register
Example 2: Hazard Identification, Risk Assessment & Determining Control (HIRADC) steps
Risk Identification
Activity
Hazard
Risk
Risk Analysis
Qualitative
Quantitative
Likelihood Table
Consequence Table
Risk Rating Matrix
Risk Evaluation
Identify significance of the risk
Identify action to be taken (hierarchy control)
Develop HIRADC Register
Maintain & review

6. CSF Critical Success Factor Commitment & support from top management
Competency & training
Documentation efficient & clear
Monitoring & reporting