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107555
Control of selected hazard risks
Description
A-Levels 4. Risk Response Mind Map on Control of selected hazard risks, created by helen_woolford on 24/05/2013.
No tags specified
4. risk response
4. risk response
a-levels
Mind Map by
helen_woolford
, updated more than 1 year ago
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Created by
helen_woolford
over 11 years ago
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Resource summary
Control of selected hazard risks
Cost of risk control
Control effect/vector
Implementation cost
Cost effective
Inherent level
Control of financial risks
Fraud
Analysis of controls
Policy
Annual review
Historical liabilities
Most difficult
Difficult to quantify
Delayed industrial dieases
Pension
Opt out schemes
captive insurance company
Infrastructure Risk
HASAW
Legislation and regulation
Risk assessment
Hierarchy of control
Fire protection
Most common risk
PCDD controls
BCP & DRP
IT security
DRP
IT policy
Info and responsibilities
Hot/Warm/Cold start
HR risk
Recruitment
Legislation
Pension
Staff handbook
HR policies
Controls of reputational risks
Brand Protection
Government policy
changes in marketplace
fake goods
Failure of joint venture
Careful management of opportunities
Environment
Contamination
Global warming
Society
Recycling
Green policies
Legislation
Evaluation of risk
Control of Marketplace risks
Technology developments
Consumer decisions
Rapid changes
Joint venture partnerships
Difficult if not right
Competitor agreement
Future competitive advantage reduced
Regulatory risks
COSO framework
Compliance
Different societies
Regulators
Insurance policies
Learning from controls
Analysis
Cost effective
Plan, Do, Measure Learn Approach
Constant evaluation
Internal audit
Opportunity risk and rewards
Increase risk/increase reward
Marginal benefit
Judegement
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