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Redundancy
A form of risk treatment.

Forms a critical element of a risk formula. For example, the Consequences of Failure (CoF) are multiplied by the redundancy factor.



Examples of Redundancy
Listed below are some examples of redundancy applie to assets:
  • Backup/standby duty assets
  • Duplicate assets



Levels of Redundancy
Listed below are some of the levels of redundancy:
  • None
  • partial
  • Full
  • Double



Contingency planning for those events in the HI-LP quadrant.
Fig. Contingency planning for those events in the HI-LP quadrant (bottom right).



Four type of risk management: Enterprise, Asset, Project and Operations
Fig. Four type of risk management: Enterprise, Asset, Project and Operations


Different types of risk registers to capture enterprise risk, asset risk, project risk and operational risk
Fig. Different types of risk registers to capture enterprise risk, asset risk, project risk and operational risk

See also:


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