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Risk Management

Created Oct 30, 2026, 5:01 AM · Updated Oct 30, 2026, 5:01 AM

Name what can go wrong, how likely, how bad - then choose controls in order of strength.

Key Concept

  • Rank controls strongest first - eliminate the hazard before you rank residual ones.
  • Hierarchy of Controls names rollback among controls before irreversible harm.
  • Staged Rollout limits exposure before you bet the whole lane.
  • Likelihood times severity sets how strong the control needs to be.

Level 1 - Recognize

Risk management names what can go wrong, how likely, how bad - then chooses controls in order of strength.

Level 2 - Explain

Eliminate the hazard before you rank what remains - strongest controls first, not paperwork about residual risk.

Level 3 - Use

Move the space heater off the rug before lecturing the kids again about not touching it.

Level 4 - Connect

Because residual risk misleads when the hazard still exists, removal beats a likelihood matrix on paper.

Level 5 - Create

Wire Hierarchy of Controls and Staged Rollout into the stack - limit exposure before you bet the whole lane.

Examples

  • We moved the space heater off the rug before lecturing the kids again about not touching it - glad the hazard move beat another warning speech.
  • We moved the hot oil station away from the walk lane before buying more warning signs.

Note Relationships

RelationshipWikilinkReason
contradictsThere Is No Perfect Solutionwhen the opposite frame fits better
extendsEliminate Before ManagingRemove the hazard before you rank residual controls
extendsHeed Every Near-MissClose calls are data before you pick controls
extendsHierarchy of ControlsRollback sits in the control stack before irreversible harm
extendsRollback PrincipleNamed rollback is a control layer before irreversible harm
extendsStaged RolloutLimit exposure before you bet the whole lane
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