Risk is comprised of scenarios, frequency and consequence. Analysis of these elements is an integral part of a comprehensive risk assessment. Risk identification and assessment are typically the first steps in any risk management process and are crucial to optimizing an overall risk strategy.
Scenario, frequency and consequence analyses are used to identify the frequencies and potential consequences of event sequences that your agency may encounter and aid in generating recommendations to reduce or control these risks and examine the benefits of implementing such recommendations.
Précis Analysis: Failure modes and effects analysis, fish bone analysis, event tree analysis (or other logic modeling techniques such as reliability block diagram analysis) are used to identify potential policy failures and accident sequences, as well as their possible causes.
Corollary Analysis: To help you make risk-informed decisions we combine your agency-specific experience and historical data of event frequency using the appropriate data analysis methods.
Consequence Analysis: Consequence analysis techniques are used to model disaster events such as those associated with fires, explosions, plane crashes, active shooter and other event specific hazards and estimate the potential impact of these events on employees, the public, property, neighboring municipalities and the environment. Typical results include identification of the areas potentially affected by these events, as well as estimates of casualties, economic losses and environmental impacts.
“Risk is like fire: If controlled it will help you; if uncontrolled it will rise up and destroy you.” Theodore Roosevelt.
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