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Consider the balancing act of Risk Management. Find a Risk Management Scenario from the news that is within your area of interest (i.e., Damar Hamlin's
Consider the balancing act of Risk Management. Find a Risk Management Scenario from the news that is within your area of interest (i.e., Damar Hamlin's cardiac arrest in the NFL). Identify 5 "Hazard Factors" (i.e. environment, behavioral characteristics, etc.) that could increase the chances of an accident or risk. Identify 5 "Safety Factors" (i.e. experience, equipment, etc.) that could reduce or counteract the likelihood of risk. Reference: the RASM Model description in Risk Management PPT. Discuss how these factors balance each other and determine the range of risk level you as a leader are willing to operate within. Decide whether the risk level is acceptable or not for the program or event. How does a manager / leader / facilitator move forward in making decisions about this scenario? Discuss the decision taken, repercussions, changes or adjustments made in programs following, etc
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