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    Accessing and Minimizing The Risk From Hazards

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    Saad Sarwar
    The document discusses risk assessment and management. It defines risk and outlines the risk assessment procedure of identifying hazards, analyzing risks, and evaluating risks. It then discusses risk metrics for calculating potential downside risk, risk estimation and acceptability criteria for defining acceptable risk levels, and principles of risk prevention such as comprehensive services and positive relationships. Finally, it discusses selection and implementation of appropriate risk controls through understanding standards, recognizing diverse risk management standards, and using the risk management framework, as well as outlining the hierarchy of safety controls from hazard elimination to use of personal protective equipment.

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    Accessing and Minimizing The Risk From Hazards

    Uploaded by

    Saad Sarwar
    7 views2 pages
    The document discusses risk assessment and management. It defines risk and outlines the risk assessment procedure of identifying hazards, analyzing risks, and evaluating risks. It then discusses risk metrics for calculating potential downside risk, risk estimation and acceptability criteria for defining acceptable risk levels, and principles of risk prevention such as comprehensive services and positive relationships. Finally, it discusses selection and implementation of appropriate risk controls through understanding standards, recognizing diverse risk management standards, and using the risk management framework, as well as outlining the hierarchy of safety controls from hazard elimination to use of personal protective equipment.

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    Accessing and Minimizing the Risk From Hazards

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    The document discusses risk assessment and management. It defines risk and outlines the risk assessment procedure of identifying hazards, analyzing risks, and evaluating risks. It then discusses risk metrics for calculating potential downside risk, risk estimation and acceptability criteria for defining acceptable risk levels, and principles of risk prevention such as comprehensive services and positive relationships. Finally, it discusses selection and implementation of appropriate risk controls through understanding standards, recognizing diverse risk management standards, and using the risk management framework, as well as outlining the hierarchy of safety controls from hazard elimination to use of personal protective equipment.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    7 views2 pages

    Accessing and Minimizing The Risk From Hazards

    Uploaded by

    Saad Sarwar
    The document discusses risk assessment and management. It defines risk and outlines the risk assessment procedure of identifying hazards, analyzing risks, and evaluating risks. It then discusses risk metrics for calculating potential downside risk, risk estimation and acceptability criteria for defining acceptable risk levels, and principles of risk prevention such as comprehensive services and positive relationships. Finally, it discusses selection and implementation of appropriate risk controls through understanding standards, recognizing diverse risk management standards, and using the risk management framework, as well as outlining the hierarchy of safety controls from hazard elimination to use of personal protective equipment.

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    © All Rights Reserved
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    of 2

    1

    OHS ASSIGMENT
    Assessing and Minimizing the Risk from Hazards
    1-Risk Concept and Terminology:
    Risk is the possibility of something bad happening. Risk
    involves uncertainty about the effects/implications of an activity with respect to something that
    humans value (such as health, well-being, wealth, property or the environment), often focusing
    on negative, undesirable consequences.
    Mainly risk is the probability that an accidental phenomenon produces in a given point of the
    effects of a given potential gravity, during one given period.
    2-Risk assessment procedure:
     Risk assessment is a term used to describe the overall process or
    method where you: Identify hazards and risk factors that have the potential to cause harm
    (hazard identification). Analyze and evaluate the risk associated with that hazard (risk analysis,
    and risk evaluation).
    3-Risk Metric’s:
    Risk Metrics is a method for calculating the potential downside risk of a
    single investment or an investment portfolio. The method assumes that an investment's returns
    follow a normal distribution over time. It provides an estimate of the probability of a loss in an
    investment's value during a given period of time. It is an important way to measure effectiveness.
    This is because risk managers must prove they are meeting the expectations of not only
    regulators, examiners, and their board of directors, but also their customers, investors, fellow
    employees, and communities.

    4-Risk Estimation and Acceptability Criteria:


    Risk acceptance criterion defines the overall
    risk level that is considered acceptable, with respect to a defined activity period. The criteria are
    a reference for the evaluation of the need for risk reducing measures, and therefore need to be
    defined prior to initiating the risk analysis. Risk criteria are standards which represent a view,
    usually that of a regulator, of how much risk is acceptable/tolerable . In the decision making
    process, criteria may be used to determine if risks are acceptable, unacceptable or need to reduce
    to an ALARP level.
    5-Principles of risk prevention:
    The principles for risk prevention are following:
     Comprehensive Services.
     Varied Teaching Methods.
    2

     Sufficient Dosage.
     Theory Driven.
     Positive Relationships.
     Appropriately Timed.
     Socio-culturally Relevant.
     Outcome Evaluation.

    6-Selection and implementation of appropriate Risk controls:


    By following the following
    rules risk control should become easy:
    1. Understand Risk Management Standards.
    2. Recognize the Diverse Types of Risk Management Standards.
    3. Define What Criteria Should Be Used When Selecting a Standard.
    4. Know How to Use the Risk Management Framework.

    7-Hierarchy of controls:
    The hierarchy of safety controls:
     Elimination: Physically remove the hazard.
     Substitution: Replace the hazard.
     Engineering controls: Isolate people from the hazard.
     Administrative controls: Change the way people work.
     PPE: Protect the worker with personal protective equipment.

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