Health and Safety - Risk Assessment and Management
8 important questions on Health and Safety - Risk Assessment and Management
What is Risk Tolerance?
What is Risk Assessment? How does is relate to risk management?
What questions does Risk Assessment Answer?
How likely are these events
If a harmful event does occur, what is the impact
How can one quantify the risk associated with the likelihood of it occurring and its associated impacts?
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What are the three steps to Risk Assessment?
- Identify Hazards
- Estimate Risk Level
- Apply Risk Assessment Model
How do you estimate Risk Level?
- Assign the magnitude of impact
- Determine risk level = probability x severity
What is involved in Risk Management?
What are the 4 basic questions involved in Risk Management?
What will we do to prevent harm from occurring or respond to the event?
Who will do what
How will we pay for it
What are the elements of Risk Management?
- Assign responsibilities
- Develop mitigation strategies
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
