MAPUA MALAYAN COLLEGES

OF LAGUNA

AR183
PROFESSIONAL PRACTICE 3

RP:300
Submitted by:
BRUSOLA, AARON CLAUDE F.
B71

Date Submitted:
5 – 2 – 23

Submitted to:
Ar. Don G. De Vera, uap
 Risk Management: Chris Davenport
Given the complexity and uncertainty of today's environments, risk
management is frequently neglected but needed. In order to limit, monitor, and
control the likelihood and/or effect of unfortunate events or to optimize the realization
of possibilities, Chris Davenport defined risks as the process of detecting, assessing,
and prioritizing risks. Every industry needs risk management because when
combined with strategic planning, it gives businesses a competitive edge while
lowering losses and liabilities.
Chris Davenport is a well-known and accomplished ski mountaineer who has
a greater understanding of risk than most. Chris elaborates on his approach to the
hills, what makes him tick, and how scaling peaks connects to conquering obstacles
in his stirring speech. He claimed that he referred to his approach as the "meat" or
"team" strategy.
The first step in his risk management or team method is “mitigation”.
According to his explanation, it is a method of lowering the hazards. To persuade
avalanches to come down to steeper terrain so they could open for business without
risk, ski patrols on ski resorts, for instance, used to throw bombs in the morning
following a significant snowfall. By adjusting the environment and lowering the risk,
they decreased the likelihood of accidents and made the environment safer.
The second step is “eliminating the risk”. In this way, we must think of what’s
likely to happen. If the whole situation is telling you that it is not safe and basing on
your gut instincts, the safest thing to do is not to do it. In that way, you eliminate the
risk. According to Chris on May 19th, 2011, 8pm, they got up, get dressed and started
walking towards the summit about 10pm in the evening. The conditions there was
not good and easy, it was snowy and windy night. After an hour, some of his guy
said that walking at that condition does not feel right. So, what they did was go back
to their tents even though they walked 27,000 feet already and since they still have
enough oxygen for one night, they decided to go back and sleep. The next morning,
same routine and they successfully climbed the mountain. What they did was they
eliminate the risk. If they try to push it through, they might have died walking and as
we all know how dangerous it is climbing at a very difficult condition.
The third step is “accept risks”. If conditions are right, your intuition, gut
instincts, and every factor on your list is telling you that it is safe, this is the time that
you will accept the risk. When Chris and his team decided to stay back and sleep
inside their tents, the next morning they started to feel good and that is when they
accepted the risk. They started climbing the mountain again and successfully went
on top of it. Another example is when the 2014 NBA Finals Miami Heat vs San
Antionio Spurs basketball game, it is Chris Bosh who rebounded the ball. He could
have passed it to Marion Chalmers, but he saw Ray Allen open, and he is a much
more caliber shooter and nearer than Chalmers. Ray Allen shot the ball, and they
went overtime with the Spurs and won the game.
The fourth step is “transfer the risk”. In my opinion, transferring the risk is just
basically throwing your taller friend or friend who can swim to know how deep the
pool is. According to him, you do not really need to do it if you have options to make
others do it. Transferring the risk is the way of letting better people to handle risk
than you are trying it first. For better understanding, in our society, we have
professions and as to become a professional, you must be an apprentice first. In that
way, you let the risks being handled by an expert and learn from them so that it is
way safer, and you can maximize your own potential.
Overall, risk management is a continual, iterative process that needs strong
leadership, a methodical, integrated strategy, constant learning, and adaptability.
Organizations can improve their resilience, agility, and prosperity in the face of
uncertainty and change by putting in place a strong and proactive risk management
framework, similar to Chris Davenport's "Meat or Team Method."