Page 36 - OSEP Educator LG
P. 36

The Risk Minimisation Process





























               Risk minimization matrix

                    Identified    * Risk           Risk Reduction Strategies        Monitoring Strategies
                      Risks     Assessment
                                             What?     Who?    When?     Cost?   What?     Who?    When?
                                   Level
                                    1- 5
                    Physical



                    Financial



                    Ethical





               *Risk Assessment Levels
                       Level         Descriptor                           Description

                         1              Rare                May occur in exceptional circumstances
                         2            Unlikely              Could occur at some time (but not likely)
                         3           Moderate            Should occur at some time (but not frequently)
                         4             Likely                Likely to occur in many circumstances

                         5         Almost Certain           Expected to occur in most circumstances







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