Doing Planned Reviews:
Risk reviews will take place during weekly meetings todiscuss the current state of risks within the project.
Identification of Hazards:
Throughout the project lifetime, new processes andactions may be implemented that pose new risks which had not been identifiedin earlier planning stages. During the planned reviews, these risks will beidentified. (See Section 9.1.1 for further details)
A risk assessment/analysis will be carried out for any new identified risks. (See Sections 9.1.2 to 9.1.4 for analyses)
Is the Risk Acceptable?:
Risks are deemed acceptable only once they havebeen rated using a risk matrix (see Sections 220.127.116.11 and 18.104.22.168). Low levelrisks are ³acceptable,´ without any further management involvement. Mediumlevel risks are ³acceptable with certain conditions.´ These risks must be closelymonitored, and the project manager must be present to ensure the risk is keptunder control. High level risks are ³unacceptable´ and any actions producingsuch risks will be halted immediately.
Manage the Residual Risk:
Once a risk is determined to be acceptable, it mustbe managed in the way that is most appropriate for that risk. Methods for managing each risk will be discussed by the project manager, the team, and theDr. Lipsett. (See Section 9.1.4 for further details)
Can the Risk be Reduced?:
Further controls, management systems, protectivefeatures, etc. may be added to reduce risks to an acceptable level. (See Section9.1.4 for further details)
Reduce the Risk
: If the risk can be reduced, the necessary changes must beimplemented to decrease it (see Section 9.1.4). It is important to note that if achange is made to reduce the risk present in a process or action, a full riskanalysis must be redone on the newly implemented process or action. This willreveal possible new risks that may have been added to the project. (SeeSections 9.1.1 to 9.1.4)
Discontinue the Activity
: If a risk has been identified as unacceptable, anyprocesses or actions that pose that risk will be stopped. This is important toprotect all people involved in the project, people of the community, personal and