Scribd
Upload
78 views15 pages

Unit IA5

The document discusses risk management strategies like avoidance, reduction, retention, and transfer. It then discusses selecting optimal risk control solutions based on relevant risk data, considering factors like technology, economics, insurance, and more. Finally, it discusses control measures like safe systems of work and permit to work programs to control risks.

Uploaded by

TI Henry Martins
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
78 views15 pages

Unit IA5

The document discusses risk management strategies like avoidance, reduction, retention, and transfer. It then discusses selecting optimal risk control solutions based on relevant risk data, considering factors like technology, economics, insurance, and more. Finally, it discusses control measures like safe systems of work and permit to work programs to control risks.

Uploaded by

TI Henry Martins
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 15

Unit IA5 : Risk Control

Selection of
Risk Management Optimum Solution
Control Measures
Strategies Based on Relevant
Risk Data

Cost Benefit Safe Systems of


Permit to Work
Analysis Work

Pass Your NEBOSH


Unit IA5 : Risk Control
Risk Management Risk Management Strategies
“The identification,
Avoidance or
measurement and Elimination

economic control of the


risks which threaten the
Transfer Reduction
assets or earnings of a
company or enterprise” Strategies

Risk Retention Risk Retention

Pass Your NEBOSH


Unit IA5 : Risk Control
Avoidance or • Completely avoid the risk

Elimination • Come up with control measures that eliminates the risk

• Risk is unavoidable.
Reduction • Reduced via controlling risk at source, or procedures and behavioural measures like
training.

• Keeping the risk and financing the loss via


• Current operating funds (max at 5%)
Retention • Reserve
• Insurance
• Borrowing from future investment capital

Transfer • Use of specialist contractors

Pass Your NEBOSH


Unit IA5 : Risk Control
Risk Retention
Advantages of Risk Retention
 Cheaper than insurance
 Reduces cost of processing claims
 Makes department and management more risk
conscious if costs are allocated individually
 Losses dealt with quickly

Pass Your NEBOSH


Selection of Optimum Solution Based on Relevant Risk Data
Credits:
RRC Notes for NEBOSH International Diploma Unit IA5
Pass Your NEBOSH
Present State of Legal
Public Expectancy
Technology Requirements

Confidence of
Economic State of Level of Insurance
Company in their
the Country Premiums
Risk Management

Human Factors

Pass Your NEBOSH


Unit IA5 : Risk Control
Categories of Control Measures
Technical
• Via design of new machine
Procedural
• Safe method of work such
as PTW
Behavioural
• Training and safety culture

Link:
Click the picture to go to Unit IA4
Pass Your NEBOSH
Factors affecting choice of control measures
1. Long Term / Short Term, Applicability and
Cost
2. Effectiveness of Controls
3. Legal Requirements and Standards
4. Competence of Personnel and Training Needs

Pass Your NEBOSH


Unit IA5 : Risk Control
Costs:
• Organisational
• Design
• Planning
• Operational

Pass Your NEBOSH


Complications in this graph:
• Not all costs and benefits can be assigned a
reasonable accurate financial value
• Benefits cannot be seen immediately.
• Some costs and benefits are one-off, others
are recurring

Pass Your NEBOSH


What is Safe System of Work???
• Derived from Risk Assessment of the task
• Used to reduce the risks of the mentioned
task as a form of procedural requirement.
“A safe system of work is a formal procedure which results from
systematic examination of a task in order to identify all the
hazards. It defines safe methods to ensure that hazards are
eliminated or risks minimised.”

Pass Your NEBOSH


Unit IA5 : Risk Control
Safe Systems of Work
 Legal Requirements
 Practical Requirements

Link:
Click the picture to go to Unit IA4
Pass Your NEBOSH
Permit to Work (PTW)
• A formal written document of authority to
undertake a specific procedure, designed to
protect personnel working in hazardous or
activities.

Pass Your NEBOSH


Issuing and
Monitoring
Instructing
the Permit
the
Supervisors
Precaution
Planning

Hazard
Evaluation

Pass Your NEBOSH


Electrical
Equipment and
Supplies

Overhead
Confined Space Travelling
Cranes
General
Applications of
PTW

Radiation
Chemical Plants
Hazards

Pass Your NEBOSH

You might also like