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RISK

RISK. What’s In It For ME!. HOW TO ESTABLISH A RISK BASED CULTURE. Risk Overview Definition What Determines Risk Risk Tolerance Pay Attention to Thinking Recognize Risk Choices and Consequences Activity Conclusion. Risk Defined.

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RISK

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  1. RISK What’s In It For ME!

  2. HOW TO ESTABLISH A RISK BASED CULTURE • Risk Overview • Definition • What Determines Risk • Risk Tolerance • Pay Attention to Thinking • Recognize Risk • Choices and Consequences • Activity • Conclusion

  3. Risk Defined • The potential of gaining or losing something of value. Values (physical health, social status, emotional well being, or financial wealth) can be gained or lost when taking risk from a given action or inaction, foreseen or unforeseen • Risk can also be defined as the intentional interaction with uncertainty

  4. What Determines Risk aversion or acceptance? • Age • Gender • Previous Experience • Education • Health Factors • Physical Conditioning • Time Constraints • Extracurricular Activities

  5. What does risk look like?

  6. ….More risk

  7. Tolerance • The ability or willingness to tolerate something • The capacity to endure continued subjection to something • The allowable amount of variation of a specified quantity

  8. Risk Tolerance • Some rules cant be ignored: • Gravity • “Do this, don’t do that…if you do you will be safe! • Rely on the employee to: • Perceive • Recognize • Understand the consequence(s) • Make a decision based on the risk • Not tolerate high risk behavior

  9. risk tolerance • Study by Dave Fennell; Imperial Oil • Seven Factors that increase employees tolerance of risk: • Overestimating capability/experience • Familiarity with the task • Voluntary actions and being in control • Confidence in equipment • Confidence in protection and rescue • Potential gain or profit from action • Role models accepting risk

  10. What is acceptable risk? • Individuals • Companies • Where are we as individuals and as a corporation knowingly or even unknowingly acting outside the world of expectations? • Perception vs Reality

  11. Perception vs Reality

  12. Risk components • The two components of risk: • Severity – How bad can it be? • Probability – How likely is it to happen to me? • Every choice at work that carries risk involves your past experiences and present motivations • How much risk will you tolerate? • How bad can it be?

  13. 1 3 5 6 4 2

  14. Pay attention to our thinking • Internalize thoughts during the decision making process: • Describe the situation • List your thoughts • List your feelings • Evaluate your attitudes and beliefs • Be objective; don’t blame, make excuses, true or false • Control thinking to gain power and influence over any situation

  15. Pay attention to our thinking • Answer the question: • WHO DETERMINES FEELINGS AND THOUGHTS IN ANY GIVEN SITUATION? • The most important part of the thinking exercise: • Evaluate your thoughts before a behavior or action takes place • Because you know what’s coming don’t you! WHAT WERE YOU THINKING? • Normally won’t ask that question until “post incident”

  16. Recognize risk • HIGH RISK – The likelihood of an action having great potential for harm; or • LOW RISK – Most likely to “get away’ with the action with little to no personal consequence • Important to consider both due to physical and emotional reactions and perceptions

  17. Recognize risk

  18. Recognize Risk • Assumptions: • You are familiar with the task • You have the cognitive ability to recognize most, if not all the risks associated with the task. • If either one of these assumptions is incorrect, or you are not sure… • STOP IMMEDIATELY • Get Assistance

  19. Recognize risk • For routine tasks with little to no risk…not asking to over analyze your feelings and perceptions… • Recognize that even routine task carry a degree of risk that at least should be momentarily considered! • Pay Attention to Your Thinking • Recognize the Risk

  20. Choices and consequences • Situation • Response based on the following • How familiar • Time pressure • What’s my reward • Others

  21. Choices and consequences • The goal: • Generate multiple possibilities • Identify possible consequences to response • Chose the appropriate action based on the goal and the potential consequence • Obviously the one with the least risk! • Be confident in the decision and act based on choice

  22. Choices and consequences

  23. Exercise • Scenario: It’s 5’oclock and you are the gang pusher for XYZ Roustabout Company. You are called to a location to replace a in-line check valve on a grasshopper pumping unit that has a 5 foot cellar. • Pushing this gang for 5 years and the least experienced hand in the gang has 2 years • What’s the risk? • Oh yes, I forgot to mention the well has 30,000 ppm h2s

  24. conclusion • Hazard recognition • Root cause investigations • Prevention of injury, illness and fatality • Reduced costs • Everyone engaged in safety

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