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"R"

• Risk Management
  Risk management is a process in which risks, or hazards, (e.g. to health, safety and welfare of employees, contractors,sub-contractors and volunteers) are identified, assessed, reduced (i.e. controlled)and the controls evaluated for effectiveness. Risk assessment considers the likelihood of an adverse event and the potential consequences of such an event. This process usually results in the risk/hazard being given a risk rating. Higher risk ratings require more stringent controls.
  
  
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