There is no perfect checklist for risk assessment; on the other hand there are checklists that provide good starting points for thinking about particular, relevant risks. By this stage, it’s time to start sorting out which risks need to be dealt with, and which risks can be put aside or must simply be accepted as they are. Now you can start thinking about modeling the risks concerning a particular individual, group or organization to see what the overall outcomes might be.
If you’d like to know how Analytica, the modeling software from Lumina, can help you to model risks and make them understandable to many different types of audience, then try a thirty day free evaluation of Analytica to see what it can do for you. One thing may lead to another, with more detail being filled in about the nature of the risk, or additional risks being identified that were not on the original checklist. It’s a simple two stage process to define risk impact and probability that people can do for themselves.
Different techniques for risk may be appropriate, according to the audience being addressed.


Although a certain number of people have specific responsibilities in assessing risk (risk managers and insurance actuaries come to mind), risk affects everyone, no matter what their role or activity. From these two extremes and for anyone else on the scale between them, the first goal is to achieve a workable blend of recognition that risk exists and that it needs to be addressed. While the word ‘risk’ often has a negative connotation for many people, it’s also important to remember that just like fat and cholesterol, there is both ‘bad risk’ and ‘good risk’. First they review the different risks they’ve thought of in terms of the impact those risks would have.
Consultants for example are trained to ask their customers or patients about the consequences of a particular project happening or not happening, to initiate the thought process about the risk of not buying what they have to offer. You want to prevent the bad risk because of the damage that could be done, but ‘good risk’ when properly handled may lead to opportunities and advantages. A jetliner crashing into a factory would have enormous impact; a vehicle breakdown for a non-critical delivery is likely to have much less impact, and so on.


Whatever the technique chosen, it should leverage the realization of the audience that risk exists, that certain risks need to be assessed and that appropriate measures need to be taken. If you find yourself having to get a simple message across to colleagues about risk assessment, then the following may help. The vehicle breakdown risk should probably be considered and handled; the jetliner risk may or may not stay in the list of risks to be managed.



Wireless emergency alert system
First aid kit checklist for camping
Sample disaster plans for child care centers


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