1 Risk Management and AssessmentUnits 8 Risk Management and Assessment

2 Risk Management Model Risk Identification Risk EvaluationRisk Treatment Selection and Implementation Program Monitoring

3 Risk Identification - Types of RisksProperty damage/loss/theft Loss of income/business interruption Human resources Employee injury and illness Key employee Legal liability Tort & other judgments Defense costs Regulatory

4 Risk Evaluation Low-Severity, Low-Frequency, retainHigh-Severity, Low-Frequency, transfer Low-Severity, High-Frequency, retain High-Severity, High-Frequency, avoid or transfer

5 Risk Treatment (Control)Contingency planning Compliance Incident reporting Risk financing Retention Transfer

6 Selection and ImplementationSelection and implementation of specific control and financing techniques or each risk

7 Program Monitoring Performance standardsMeasure actual practices against standards Take corrective action

8 EPA Risk Assessment