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#1 2020-09-13 17:21:49

From: Germany, Michelau
Registered: 2020-09-13
Posts: 1

Contract Language and Management

Risk  Management .
In order to mitigate risk and reduce safety incidents, .

Athens Group provides these services:

Vendor Quality Assessment.

Troubleshooting and Remediation
Incident Investigation and Root Cause Analysis

Contract Language and  Management .
Athens Group, integrating risk management methods across all of our services, expands the  traditional  risk realization chain by implementing an early lifecycle, preventative approach.
The traditional risk realization chain is quite simple and looks like this: Hazard  Harm It follows that the traditional  management  process look something like this:  Identify the hazard.
Identify the harm.
Evaluate the probability a  hazard  becomes a harm – the risk.

Determine if that risk  is “as low as reasonably practicable” (ALARP) and acceptable

If not ALARP or acceptable, eliminate or mitigate that risk.

Hazards are at the root of the chain

so a key question would be – “What causes a hazard?”  At least two things must occur before a hazard can become a harm:  First a defect must be introduced in design or implementation.
Second, that defect must trigger a situation whereby the  hazard  is present.
Athens Group risk realization chain includes the root cause of the hazard: Defect  Trigger  Hazard  Harm And as a result.

Athens Group looks at four levels of risk

not just one – and the identifiable hazard and harm at each level:  Risk of a defect being introduced.
Risk of defect going undetected.
Risk of the trigger occurring.
Risk the trigger causes a  hazard  that can lead to a harm.
Risk management begins with  defect management  – which means the concept, requirements, design and verification activities all need to be focused on defect identification, prevention, and detection.
This approach lowers the risk of defects, cutting off the risk realization chain at its root.
This is the best and most cost effective way to  reduce risk .
Risk  Management .
Risk Management.
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