Please enable JavaScript.
Coggle requires JavaScript to display documents.
RISK-BASED DECISION-MAKING, Fadhila Abidah 09111840000092 Manajemen…
RISK-BASED DECISION-MAKING
Risk-based decision making
provides a process to ensure that optimal decisions, consistent with the goals and perceptions of those involved are reached. This process ensures that all available information is considered and used as appropriate to the decision at hand
Benefits
Ability to optimize a system (including hardware, procedures, regulations, personnel, etc.) for a given application and set of conditions.
Analysis of safety levels of new and unique situations can be made and compared with those deemed as “safe”, which cannot be done using other methods
Practical difficulties
Ensuring the options have been properly selected and defined.
Setting assessment criteria, and objectives and their relative importance.
Identifying risk issues and perceptions.
Assessing the performance of options against aspects that may not be quantifiable, or which may involve judgements and perceptions that vary or are open to interpretation.
Dealing with differences in the uncertainties of estimates, data and analyses – it may not be able to provide a fair reflection of the actual differences between the options being considered.
Managing or avoiding hidden assumptions or biases.
Common features
of a risk-based decision-making process, regardless of the business application
Use of a framework for incorporating societal values/concerns into risk based decisions.
Ability to plan and take risk based decisions for the long term.
Effective risk based decision making forums both within single companies and cross industry.
Clear understanding of the required inputs for and pride in the output of risk decisions.
Positive management of the media and transparency of risk based decision making.
Ability to take rapid risk based decisions to operate under degraded modes.
Co-operation with the regulator(s) leads to co-ordinated risk based decisions.
Evidence from experts provides a sound basis for risk based decisions.
Risk-based decision making process
Fadhila Abidah
09111840000092
Manajemen Risiko dan Tata Kelola B
0