Risk-assessment Impact Factor

Risk-assessment Impact Factor

At the individual level, a simple process of identifying objectives and risks, weighing their importance and creating plans, may be all that's necessary. At the strategic organisational level, more elaborate policies are necessary, specifying acceptable levels of risk, procedures to be followed within the organisation, priorities, and allocation of resources.[15]:10 At the systematic level, management involved with the project produce project level risk assessments with the assistance of the available expertise as part of the planning process, and set up systems to ensure that required actions to manage the assessed risk are in place. At the dynamic level, the personnel directly involved may be required to deal with unforeseen problems in real time. The tactical decisions made at this level should be reviewed after the operation to provide feedback on the effectiveness of both the planned procedures and decisions made in response to the contingency.


Last Updated on: Nov 27, 2024

Global Scientific Words in General Science