Risk treatment options should be evaluated on the basis of the extent of risk reduction and the extent of benefits and opportunities created.  A key principle of risk treatment evaluation is that the cost of managing risk must be commensurate with the benefits obtained from that strategy, with the qualification that in some instances of extremely severe risks the consequences may be so damaging that they may warrant risk reduction measures that are not justifiable on strictly economic grounds.

Having evaluated the options and selected risk treatment plans these plans should be documented and an outline prepared of how the chosen options will be implemented.  Plan documentation should include:-

• who has responsibility for implementation of the plan
• what resources are to be utilised
• budget allocation 
• timetable for implementation
• details of the mechanism and frequency of review for compliance with the treatment plan.

Should you require any further information or assistance please contact the IEA Sport office in your state

By Rod Hughes, National Sport Risk Manager
IEA Sport

 Summer1998

IEA has offices in every state.  National freecall number 1800 SPORT 1 
           (1800  77678  1)
Email:info@ieasport.com.au