Hazard refers to something that has the potential to cause harm; risk is the likelihood of harm occurring due to that hazard.
A Hazard/Risk Evaluation is a thought process. Many have struggled with how to address the requirement for an evaluation contained in NFPAreg 70E [1]. Many believe that Risk Management meets this requirement. This paper will provide one definition for what a Hazard/Risk Evaluation is and one...
doi:10.1080/714044781JohnsonBarry L.Taylor & Francis GroupHuman & Ecological Risk Assessment An International JournalJohnson L. B., (2003), "What is the Most Important Question in Hazard Evaluation and Risk Assessment?", Human and Ecological Risk Assessment...
Risk The possibility of suffering harm or loss; danger. Liability Something for which one is liable; an obligation, responsibility, or debt. Risk A factor, thing, element, or course involving uncertain danger; a hazard "the usual risks of the desert. Liability Liabilities The financial obligation...
How to use a risk assessment matrix A risk assessment matrix shows the likelihood of events happening and the potential consequences. In the following example,Likelihoodrefers to the level of possibility that a person could be injured if exposed to a hazard, whileImpactrefers to the severity of ...
What is Risk? 什么是风险 The likelihood that a person may be harmed as a result of the hazard 由于危险情况而对人身造成伤害的可能性 Employer's responsibilities 雇主的责任 So far as is reasonably practicable 因此要求以下合理的操作 provide and maintain safe plant and systems of work ...
In high-risk workplaces where being invisible might constitute a major hazard, high visibility clothing is essential. To protect their safety, professionals must wear the proper high-visibility clothing. Therefore, much attention is required while selecting this clothing, from knowing what colors are ...
Because the risk created by an individual item is dependent on the environment which it exists within, fire hazards are typically analyzed from a “whole-workplace” or “whole-building” perspective. These risk assessments, which are often legally required, are referred to asFire Hazard Analyses...
Systematic risks, also known as market risks, are risks that can affect an entire economic market overall or a large percentage of the total market. Market risk is the risk of losing investments due to factors, such as political risk and macroeconomic risk, that affect the performance of the ...
Risk takes on many forms but is broadly categorized as the chance an outcome or investment's actual return will differ from the expected outcome or return.