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Accessing and Minimizing The Risk From Hazards

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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Saad Sarwar
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19 views2 pages

Accessing and Minimizing The Risk From Hazards

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.

Uploaded by

Saad Sarwar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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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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