QUIRINO STATE UNIVERSITY

DIFFUN CAMPUS
Diffun, 3401 Quirino
COLLEGE OF HOSPITALITY INDUSTRY MANAGEMENT

FIRST SEMESTER 2021-

THC 102
2022

Risk Management as
Applied to Safety,
Security and Sanitation

BACHELOR OF SCIENCE IN HOSPITALITY MANAGEMENT

…UNLEASHING WORK SKILLS….
 QUIRINO STATE UNIVERSITY
DIFFUN CAMPUS
Diffun, 3401 Quirino
COLLEGE OF HOSPITALITY INDUSTRY MANAGEMENT

VISION MISSION
The leading center for academic and technological excellence and prime Develop competent and morally upright professionals and generate
catalyst for a progressive and sustainable Quirino Province and appropriate knowledge and technologies to meet the needs of
Southern Cagayan Valley. Quirino Province and Southern Cagayan Valley.

“Unleashing Work skills”

1|Page
 MODULE 1
Topic 1 INTRODUCTION TO RISK MANAGEMENT
Competencies
QUIRINO STATE UNIVERSITY
1. Define Risk and Risk Management
DIFFUN
2. Analyze CAMPUS
Risk
Diffun, 3401 Quirino
3. Analyze
COLLEGE OF the Importance
HOSPITALITY of Risk ManagementMANAGEMENT
INDUSTRY
4. Determine the Steps in Risk Management Process
5. Identify the 5 benefits of Conducting Risk Assessment
Discussion Every organization small or large, is susceptible to risk in many different areas:
operational, market, legal, environmental, reputational, brand, liability, financial, and
Criteria 4 Expert 3 Accomplished
property losses. Any 2 Capable 1 Beginner
of these can impact (positively or negatively) every organization or
Quality of Piece was written in Piece was written in Piece had little Piece had no style or
community. 
Writing an extraordinary an interesting Essentially,
style style orthe goal of
voice. voice.
risk management is to identify potential problems before
style and voice. and voice.
they occur and have a plan for addressing them. Risk management looks at internal and
external risks Gives some
that could new Gives
negatively impactno new
an organization.
Very informative Somewhat information but information and very
and well-organized. informative and poorly organized. poorly organized
WHAT IS RISK?
organized.
- A probability or threat of damage, injury,
Grammar, Virtually no Few spelling and A number of So many spelling,
liability,errors,
Usage & spelling, punctuation punctuation loss, spelling,
or any other negative occurrence and
punctuation
Mechanics or grammatical minor that is caused
grammatical by external
punctuation or internal
or grammatical errors that
errors. errors. vulnerabilities,grammatical
and that may be avoided
it interferes with the
through preemptiveerrors. action. meaning.
- The potential of gaining or losing something
of value.

RISK MANAGEMENT refers to the

identification, evaluation, and prioritization
of risks followed by coordinated and economical application of resources to minimize,
monitor, and control the probability or impact of unfortunate events or to maximize the
realization of opportunities.

ANALYSIS
- is a detailed examination of anything complex in order to understand its nature or to
determine its essential features: a thorough study; doing a careful analysis of the problem.

RISK ANALYSIS
- is the review of the risks associated with a particular event or action. It is applied to
projects, information technology, security issues and any action where risks may
be analyzed on a quantitative and qualitative basis.

FIVE RISK MANAGEMENT PROCESS STEPS

Step 1: Identify the risk

You must first identify the possible threats that you face.

Step 2: Analyze the risk

 Identify the risks.
 Decide who might be harmed and how.
 Evaluate the risks and decide on control measures.
 Record your findings.
 Review your assessment and update as and when necessary.

Step 3: Evaluate or rank the risk

 Determine the significance of risks to the school and then to decide whether to accept
a specific risk or take action to prevent or minimize it.
 Evaluate risks by ranking them once identified.
This can be done by considering the consequence and probability of each risk.

Step 4: Treat the Risk

 Develop a range of options for mitigating the risk, assessing those options, and then
preparing and implementing action plans.
 Address the highest rated risk as a matter of urgency.

Step 5: Monitor and Review the risk

 Review risks identified in the firm’s risk register regularly.
 Document any actions or events that change the status of a risk.
 Change to a risk evaluation as a result of improvements in controls.
VISION MISSION
The leading center for academic and technological excellence and prime Develop competent and morally upright professionals and generate
FIVE BENEFITS
catalyst for a progressive and sustainable OF CONDUCTING
Quirino Province and RISK ASSESSMENT
appropriate knowledge and technologies to meet the needs of
1. Recognize
Southern Cagayan Valley. and control hazards in yourQuirino
workplace.
Province and Southern Cagayan Valley.
 “Unleashing
Identify Work
the hazard by carrying out a skills”
workplace risk assessment.
 Determine how employees might be at risk.
2|Page
 Evaluate the risks.