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Competency: Managing Risk

• Gathers information regarding potential risks.
• Attends risk management seminars and conferences.
• Bases decisions on patterns found in fluid/changing information.

• Responds appropriately to unexplained or unanticipated events.
• Effectively responds to critical situations to reduce potential for losses.
• Avoids maintaining the status quo (or standard operating procedures) when addressing new and influential situations.

• Able to adapt quickly to changing situations.
• Rewards innovative experiments to try new ideas.
• Works within constraints of the organization.

• Creates informative guides regarding potential risks and risky behaviors.
• Maintains open communication with other departments.

• Develops policies to address risk situations in the workplace.
• Is concerned about process safety management.
• Develops policies for risk management.
• Committed to implementing rules and procedures to minimize risk.

• Seeks to increase safety in the workplace.
• Is aware of process safety management.
• Offers training to reduce safety incidents in the workplace.
• Improves process safety where possible.

• Seeks to maintain the long-term viability of the Company.
• Implements changes to reduce the chances of critical incidents in the future.
• Seeks to retain the best and brightest employees.
• Recognizes that small changes may snowball into major events.

• Creates a risk profile for projects and teams.
• Tracks risks in a project.
• Tracks and monitors incidents that may increase the risk of adverse consequences.

• Develops appropriate strategies to minimize risks.
• Creates a risk management strategy for the organization.
• Creates a risk management strategy for the department.

• Performs regular risk analyses to minimize adverse outcomes.
• Performs a risk analysis as needed.
• Accurately determines appropriate risk levels (i.e., levels of acceptable risk).
• Evaluates risks against acceptable risk levels.

• Accurately perceives potential risks in the workplace and initiates preventative measures.
• Perceives the risks of different work tasks and activities.
• Accurately perceives potential risks in the workplace.

• Has the knowledge and skills to accurately identify risks in the workplace.
• Is knowledgeable of standard risk management principles.
• Aware of appropriate actions to minimize risks.
• Is aware of the financial implications of certain risks.
• Knows how to obtain desired results with minimal losses.