Risk Assessment and Risk Management Essay Example | Topics and Well Written Essays - 1500 words

Risk Assessment and Risk Management - Essay Example The essay "Risk Assessment and Risk Management" talks about the knowledge bases in risk assessment and risk management and the consensus-based model of risk assessment. The knowledge base is the foundation of any profession; this refers to a body of specialist knowledge, which acts as the base of professional practice. Therefore, it has become increasingly essential for individuals and organizations to demonstrate underpinning knowledge base while undertaking any task within human services, aimed at achieving professional status. In the development of a framework for risk assessment and risk management, three interweaving features of knowledge bases are needed: theoretical knowledge, practical or personal knowledge, and factual knowledge. The theoretical knowledge base includes the existing literature that analysis risk incidents, situations, or events, literature that analysis our role and tasks in risk assessment and risk management, and literature that offers guidance on the pract ical approaches to be followed in assessing and managing risks. Practical or personal knowledge base refers to the practical skills or knowledge that is acquired at workplace related to risk assessment and risk management. These practical skills may be acquired through training, or through learning from experience, which leads to new knowledge. Finally, factual knowledge refers to the professional standards, rules, regulations, and ethical values developed in the past to provide guidance during professional practice.