Describe Strategies to Control Losses

Describe Strategies to Control Losses - risk management concepts, risk analysis methods

Total Pages: 49


Training Objectives
Upon completion of this loss control training kit, you will be able to:

  • Identify the reasons organizations implement loss control measures
  • Describe three sources of loss in the workplace
  • Explain the importance of identifying measurable consequences
  • Describe the two factors affecting risk
  • Describe methods to reduce the risk of incurring losses
  • Describe factors to consider when selecting controls
  • Identify the areas addressed by a comprehensive loss control program

    Table of Contents

    Training Objectives
    1
    1 Introduction 1
    2 Identify Loss 3
    2.1 Defining Loss 3
    2.2 Causes of Loss 4
    2.3 Consequences of a Loss Incident 5
    3 Assessing the Risk of Loss 6
    3.1 Definitions 6
    3.2 Basic Risk Concepts 7
    3.3 Risk Assessment/Analysis Tools 9
    4 Reducing Risk 12
    4.1 Organizational Priorities for Reducing Risk 12
    4.2 Control Alternatives 14
    4.3 Selecting Controls 17
    4.4 Monitoring Control Effectiveness 19
    5 Loss Management Programs 20
    5.1 Stand-Alone Programs 20
    5.2 Comprehensive Integrated Programs 22
    6 Summary 23
    7 Self Check 25
    8 Self Check Answers 28
    9 Glossary 28
    Appendices
    31
    Appendix 1: Hazard and Operability Study (HAZOP) 32
    Appendix 2: Failure Mode Effects Analysis (FMEA) 35
    Appendix 3: Fault Tree Analysis (FTA) 37


    Price for this kit is $49.00 Cdn per single license or
    $219.00 Cdn per site license.

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