Difference between revisions of "Risk Assessment"
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| − | + | A risk assessment is a process to identify potential hazards and analyze what could happen if a hazard occurs. A business impact analysis (BIA) is the process for determining the potential impacts resulting from the interruption of time sensitive or critical business processes.<ref>Defining Risk Assessment [https://www.ready.gov/risk-assessment Ready.Gov]</ref> | |
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| + | == The Importance of Risk Assessment<ref>Why is Risk Assessment Important? [https://www.ccohs.ca/oshanswers/hsprograms/risk_assessment.html CCOHS]</ref> == | ||
| + | Risk assessments are very important as they form an integral part of an occupational health and safety management plan. They help to: | ||
| + | *Create awareness of hazards and risk. | ||
| + | *Identify who may be at risk (e.g., employees, cleaners, visitors, contractors, the public, etc.). | ||
| + | *Determine whether a control program is required for a particular hazard. | ||
| + | *Determine if existing control measures are adequate or if more should be done. | ||
| + | *Prevent injuries or illnesses, especially when done at the design or planning stage. | ||
| + | *Prioritize hazards and control measures. | ||
| + | *Meet legal requirements where applicable. | ||
| + | |||
| + | |||
| + | == See Also == | ||
| + | [[Risk Analysis]]<br /> | ||
| + | [[Risk Assessment Framework (RAF)]]<br /> | ||
| + | [[Risk Management]]<br /> | ||
| + | [[Risk Management Framework (RMF)]]<br /> | ||
| + | [[Information Technology Risk (IT Risk)]]<br /> | ||
| + | [[Enterprise Risk Management (ERM)]]<br /> | ||
| + | [[Risk IT Framework]]<br /> | ||
| + | [[Risk Based Testing]]<br /> | ||
| + | [[Risk-Adjusted Return]]<br /> | ||
| + | [[Risk-Adjusted Return on Capital (RAROC)]]<br /> | ||
| + | [[Risk Matrix]]<br /> | ||
| + | [[Risk Maturity]]<br /> | ||
| + | [[Risk Maturity Model (RMM)]]<br /> | ||
| + | [[Risk Mitigation]] | ||
| + | |||
| + | |||
| + | == References == | ||
| + | <references/> | ||
Revision as of 20:02, 25 September 2019
A risk assessment is a process to identify potential hazards and analyze what could happen if a hazard occurs. A business impact analysis (BIA) is the process for determining the potential impacts resulting from the interruption of time sensitive or critical business processes.[1]
The Importance of Risk Assessment[2]
Risk assessments are very important as they form an integral part of an occupational health and safety management plan. They help to:
- Create awareness of hazards and risk.
- Identify who may be at risk (e.g., employees, cleaners, visitors, contractors, the public, etc.).
- Determine whether a control program is required for a particular hazard.
- Determine if existing control measures are adequate or if more should be done.
- Prevent injuries or illnesses, especially when done at the design or planning stage.
- Prioritize hazards and control measures.
- Meet legal requirements where applicable.
See Also
Risk Analysis
Risk Assessment Framework (RAF)
Risk Management
Risk Management Framework (RMF)
Information Technology Risk (IT Risk)
Enterprise Risk Management (ERM)
Risk IT Framework
Risk Based Testing
Risk-Adjusted Return
Risk-Adjusted Return on Capital (RAROC)
Risk Matrix
Risk Maturity
Risk Maturity Model (RMM)
Risk Mitigation