Tolerate, treat, transfer and terminate

The 4Ts of hazard management
1. Significant risks
2. Board level of risk
3. Risk Treatment
  1. ISO 31000 BS31100
Tolerate risk
1. Comfortable zone
2. Legal or regulatory
3. Detective control
Treat risk
1. cost effective treatment
2. Inherent level
3. Corrective control
Transfer risk
1. Insurance
2. Joint ventures
3. Contractual agreement
4. Directive control
5. Risk financing
Terminate risk
1. Preventative controls
2. Unacceptable level of risk
3. Elimination may not be possible
4. Public sector
Project and Strategic responses
1. The 4As of project management
  1. Contractual arrangements
  2. contingency plans
  3. Avoid high risks
2. The 4E of strategy
  1. risk and reward
  2. Joint ventures
  3. Enter text here

Resource summary

	Created by helen_woolford almost 11 years ago