Code: EIDp601
Credits Hrs = 2
Total Marks in final Exam = 100
Lecturer: Dr. Asmaa Hamouda
Part (1)
Introduction of the ERM
Course
Course specifications
•Concepts and principles of Environmental Risk Assessment and
Management, including aspects such as Hazard, Harm, Risk,
Pollution, etc, in the context of the principles of Sustainability.
•Understanding what ‘s a risk
•averse and cautious approach’ entails
•Tools and Guidelines for Risk Assessment
•Multi-Criteria Decision Making and Risk Management Planning
•Practical Case Study
•Risk Assessment for Mine Closure
•Risk assessment provides a systematic procedure for predicting
potential risks to human health or the environment.
• The aim of a chemical risk assessment is to investigate if a chemical
is being used or can be used as intended without causing
detrimental effects to human health
Course Content- Part A
Part A of the course provides:
• An introduction to the concepts of hazard, risk,
risk assessment, risk management, risk control
and risk communication,
•and how these concepts, in combination, can be
used as an effective tool in the environmental
management and protection.
• Environmental risk assessment concept,
environmental risk areas and the types of the
environmental assessment criteria are also
considered in this part.
Part (1)
Definitions of Risk and Risk
management
Definitions of Risk
•Risk is a more difficult concept to define.
• The term risk is used in everyday language to mean
"chance of disaster".
•When used in the process of risk assessment it has
specific definitions, the most commonly accepted
being "The combination of the probability, or
frequency, of occurrence of a defined hazard and the
magnitude of the consequences of the occurrence".
•A Hazard can be defined as "a property or situation
that in particular conditions could lead to harm"
Definitions
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Risk: What Is It?
Risk is exposure to the consequences of
uncertainty
The likelihood that something you
would like to happen doesn’t because
you didn’t take the chance
In a project context, it is the chance of
something happening that will have
an impact upon objectives
Risk: What Is It?
•Risk is estimated by incorporating a measure of
the likelihood of the hazard actually causing
harm and a measure of the severity of harm in
terms of the consequences to people or the
environment.
•Mathematically it is represented by a number
between zero (no risk) and one (maximum risk),
or by a number that compares safe levels with
unsafe levels (index); or represented by
comparisons between conditions of real or
perceived risks.
Risk elements
Risk thus has two elements:
• the likelihood or probability of
something happening
• and the consequences or impacts
if it does.
Key Definitions
Risk level defined by probability and severity.
Probability - the likelihood that an event will
occur.
Severity - the expected consequence of an event
in terms of degree of injury, property damage, or
other mission impairing factors (loss of combat
power, etc..,) that could occur.
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Where do things go wrong?
•Failure on a project can be experienced in
one or more of the following ways:
•The product does not meet specified
Quality levels
•Actual costs are higher than budgeted
•Delivery of the product is too late
Risk management
•Risk management refers to the culture, processes
and structures that are directed towards the
effective management of potential opportunities
and adverse effects.
•The risk management process involves the
systematic application of management policies,
processes and procedures to the tasks of
establishing the context, identifying, analyzing,
assessing, treating, monitoring and
communicating risk.
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•Good management practice
•Process steps that enable
improvement in decision making
•A logical and systematic
approach
•Identifying opportunities
•Avoiding or minimizing losses
What is Risk Management?
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Risk Management is the name
given to a logical and
systematic method of
identifying, analysing, treating
and monitoring the risks
involved in any activity or
process.
What is Risk Management?
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Risk Management is a
methodology that helps
managers make best use of
their available resources
What is Risk Management?
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Risk Management
practices are
widely used in
public and the
private sectors,
covering a wide
range of activities
or operations.
These include:
Who uses Risk Management?
•Finance and
Investment
•Insurance
•Health Care
•Public
Institutions
•Governments
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•Effective Risk Management
is a recognised and valued skill.
•Educational institutions have
formal study courses and award
degrees in Risk Management.
•The Risk Management process is
well established. (International
RM process standards.)
Who uses Risk Management?
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Risk Management is
now an integral part of
business planning.