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Once you have agreed on your appetite for risk, you then need to consider how to deal with each identi ed risk, within those parameters.
There are broadly four ways to deal with any risk that has been identi ed (the four T’s approach):
Treat
Take proportionate action to either reduce the likelihood of the outcome occurring, or to minimise the impact of it actually happening.
For example: if you are carrying out building work on one of your sites you might want to prohibit access to members of the public during the building work, or you might want to provide them all with hard hats whilst
in the vicinity.
Tolerate
Accept that there is a risk that the event will occur, but accept that it is a fact of life which, within appropriate parameters, can be tolerated;
For example: if you operate a care home, it is likely that from time to time members of staff will be off sick, which may mean you have insuf cient permanent staff on duty. Provided you still meet the required minimums this may be tolerated.
Terminate
Simply decide to stop carrying out the activity so that the risk goes away;
For example: if you have a community living in a property that is dilapidated, dangerous and very costly to repair, you may decide to simply sell the property and move the community elsewhere.
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