Case study Risk Management is a key element in the Qatar University (QU) Policy, as it provides the
necessary information for QU to ensure the sufficient management of environmental aspects and ensure the health and safety of students, employees, contractors and the community at large by addressing identified health and safety hazards. While QU acknowledges that it is not possible to have a completely risk-free work environment, it is committed to embedding the risk management process in the QU culture and by applying it to all QU operations to manage those risks that can be identified. QU shall ensure integration of the risk management process into the QU culture in the following manner: a) For potential risks resulting from contractor activities, QU has included the requirement for risk assessments to be undertaken from the time of the contractor pre-qualification stage through to project close-out. Integration of risk management and other risk requirements for contractor management shall commence during the implementation phase of the QU. b) QU has included in their Standard Operating Procedures, the requirement to undertake risk assessments prior to commencing those activities. c) QU shall review the existing risks registers on a bi-annual basis the first year of implementing their risks system with the intention to ensure that risk management is being integrated into the QU culture. d) Identification of risks
and determination of controls shall be taken into account when developing, implementing and maintaining
the QU risks and other procedures related to the QU processes and activities.
A risk is something that may happen and if it happens, it will have an impact on the project which can either be positive or negative. Tasks: List and discuss four methods for identifying risks in QU. Identify positive and negative risks in QU. What are the basic response strategies for negative risks? Describe each strategy.
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