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Risk Management entails:
Risk assessment of any work activity or trade;
Control and monitoring of such risks and
Communicating these risks to all persons involved.
Risk assessment - an integral part of risk management. It is the process of:
Identifying and analysing safety and health hazards associated with work;
Assessing the risks involved and
Prioritising measures to control the hazards and reduce the risks.
Communication of the hazards to employees – Training, Certification, Safe Working Procedure
Every workplace, including factories, should conduct risk assessments for all routine and non-routine work undertaken.
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Risk Management vs. Risk Assessment
Risk Ranking
Sensitivity Analysis
Risk
Consequence
Frequency
Hazard Identification
Risk Assessment
Cost Benefit Analysis
Risk Acceptance
Tolerability
Risk Analysis
Risk Management
Risk Management
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What is the purpose of a Risk Assessment?
When should you do a Risk Assessment?
Who performs a Risk Assessment?
What are the basic step to perform a Risk Assessment?
Risk Assessment Questions
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Risk Assessment – is the process of identifying and evaluating hazards and implementing control measures to eliminate or reduce the potential for loss to:
Personnel
Equipment
Property
Environment
Risk Assessment - Definitions
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Risk – a combination of the likelihood (probability) and consequences (severity) of a specified hazardous event occurring
Each hazard is evaluated in terms of risk (Probability X Consequence = Risk)
Risk Assessment - Definitions
Probability – the likelihood that the potential harm or loss will occur (frequency)
Consequence – the outcome of exposure to an identified hazard (severity)
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Hazard – an activity, situation, or condition that has the potential for harm in terms of:
Risk Assessment - Definitions
Injury
Illness
Damage to property
Damage to the environment
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