Risk Management and Hazard Analysis Quiz

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Questions and Answers

What is the primary objective of Common Cause Failure Analysis?

To enhance employee training programs

To evaluate the overall system performance

To identify a single event or causal factor common to multiple components (correct)

To assess the financial impact of accidents

Which analysis is used to identify potential failures based on the possible effects?

Failure Mode and Effects Analysis (FMEA) (correct)

Preliminary Hazard Analysis

Critical Incident Technique

Fault Tree Analysis (FTA)

What does the term 'risk' denote in risk management?

The severity of damage caused by equipment failure

The probability of an injury, loss, or hazard occurring (correct)

The total number of hazards present in a workplace

The potential consequence of a single event

What is the first step in the risk management process?

Hazard identification Signup and view all the answers

Which of the following is NOT one of the main types of controls in risk management?

Regulatory controls Signup and view all the answers

Which of the following is NOT one of David Yates' broad categories when quantifying accident causes?

Lack of training Signup and view all the answers

According to Petersen's theory, what are the primary causes of accidents and incidents?

Human error and/or system failure Signup and view all the answers

Who is responsible for conducting an incident investigation?

The front-line supervisor Signup and view all the answers

Which principle is associated with the idea that work expands to fill the allotted time?

Parkinson's Principle Signup and view all the answers

What does the term 'Vicarious Liability' refer to?

Liability for an injury assigned to someone not directly responsible due to legal relationships Signup and view all the answers

Which of the following is NOT one of the Seven Cardinal Rules of Risk Communication?

Consult only legal experts Signup and view all the answers

What is an example of 'Fail Safe Passive' in system safety?

Circuit breakers that stop operating when they fail Signup and view all the answers

What is the formula for calculating compensation cost?

Gross / Profit margin % Signup and view all the answers

Which of the following is NOT one of the steps in the Behavior-Based Safety process?

Develop safety protocols Signup and view all the answers

Which condition is least likely to contribute to the likelihood of success in a safety program?

Localized Training Programs Signup and view all the answers

Consequences that have the greatest impact on employee behavior are characterized by which of the following?

Soon, certain, and positive Signup and view all the answers

What does an experience modification rate less than 1 indicate?

Very good performance Signup and view all the answers

Which of the following resources is NOT used for the extraction of critical behaviors?

Stock Market Analysis Signup and view all the answers

What principle is NOT included in ISO 19011 for auditing?

Cost-effectiveness Signup and view all the answers

What is the main difference between occurrence insurance and claims-made insurance?

Claims-made insurance must be notified within the policy period. Signup and view all the answers

Which calculation correctly describes the loss ratio?

Losses / (E modifier X Manual premium) Signup and view all the answers

What type of risk results in no possibility of financial gain and is beyond human control?

Pure risk Signup and view all the answers

What is a key goal of safety and health programs in the workplace?

Prevent workplace injuries and illnesses Signup and view all the answers

Which analysis technique objectively identifies hazards within a system?

System hazard analysis Signup and view all the answers

What does risk homeostasis suggest about human behavior in relation to risk?

People adjust behaviors to maintain perceived risk levels. Signup and view all the answers

What classification of cost refers to expenses that are visibly apparent?

Tangible cost Signup and view all the answers

Which method is an example of deductive analysis used in risk assessment?

FTA Signup and view all the answers

Which statement about independent and mutually exclusive events is correct?

Independent events do not affect other events' probabilities. Signup and view all the answers

What approach does dynamic risk assessments primarily involve?

Proactive management of workplace safety Signup and view all the answers

Which of the following is a benefit of including health and safety considerations in cost-benefit analysis?

Offset to duty-holders' costs Signup and view all the answers

Which source, message, channel, receiver model is related to effective communication?

Berlo's Model Signup and view all the answers

What does ASTM International stand for?

American Standards for Testing and Materials Signup and view all the answers

Which principle states that work expands to fill the allotted time?

Parkinson’s Principle Signup and view all the answers

Which type of control is primarily based on the knowledge and skills of employees?

Educational controls Signup and view all the answers

What does a Z-score indicate in statistics?

The location of a single score in a normal distribution Signup and view all the answers

Which of the following is NOT a type of fail-safe system?

Fail Safe Redundant Signup and view all the answers

What is Poka Yoke primarily used for?

Error prevention Signup and view all the answers

What does NFPA stand for?

National Fire Protection Association Signup and view all the answers

Which principle states that 20% of employees are responsible for 80% of work and accidents?

Pareto Principle Signup and view all the answers

An indemnification agreement primarily serves to protect which party?

The party at higher risk Signup and view all the answers

Which organization helps establish Occupational Safety and Health management systems?

ANSI/AIHA Z10 Signup and view all the answers

Study Notes

Dynamic Risk Assessments

Workers commonly use dynamic risk assessments, which include emergency service workers, tradespeople, care workers, retail staff, and security operatives.

Formal Hazard Analysis

Two types of formal hazard analysis include inductive and deductive.
Inductive analysis is bottom-up, future-oriented, and hypothetical, based on experience and conclusions. Examples include FEMA, FEMCA, and FHA.
Deductive analysis is top-down, future-oriented, and based on conclusions drawn from a number of premises. Examples include FTA, Fishbone, and General to Specific.

Cost Types

Tangible costs are immediately visible and include purchasing products, paying employees, and equipment maintenance.
Intangible costs are indirect and not immediately evident, but have future effects, such as risk.

Risk Management

The definition of risk management is the eradication or minimization of the adverse effects of risks to which an organization is exposed.
Risk homeostasis is the theory that people adjust their behavior in response to perceived risk levels to eliminate any discrepancies.
System availability is the degree to which an item is operable and committable.

Analysis Techniques

Fault tree analysis is a deductive analysis method that starts with a top-level event and works backward to identify causes.
No single method can fully evaluate a product.

Control Measures

Examples include avoidance of hazards, engineering or design changes to eliminate or control hazards, limiting personnel exposure to hazards, providing protective clothing and equipment, and providing warning signals.

Risk Management Process

Key steps include hazard identification, hazard assessment, control development, decision-making, implementation, supervision and evaluation.
Different types of controls include educational and physical controls.

Insurance

Reinsurance: insurance between a primary and secondary insurer, with the secondary insurer covering some of the primary insurer's losses.
Retrocession: the portion of risk or insurance amount the primary company chooses not to retain.

Human Factors Theory

David Yates' theory categorizes accident causes into overload, inappropriate worker response and inappropriate activities.
Incident investigations are the responsibility of front-line supervisors.

Accident/Incident Theory

Petersen's theory states that causes of accidents are human error and/or system failure.

Vicarious Liability

Assigns liability to a person who did not directly cause an injury but had a legal relationship with the negligent party.

Risk Communication

Seven Cardinal Rules of Risk Communication (Covello and Allen 1988) include accepting the public as a partner, planning carefully, listening to concerns, being honest, working with credible sources, meeting media needs, and speaking compassionately.

Statistical Concepts

Z score (Z): determines the location of a single score in a normal distribution.
T-test (t): compares population mean to sample mean for data sets with fewer than 30 samples.
Chi-square (X2): measures the goodness of fit between observed and expected frequencies, often used with frequency tables.
Standard deviation (SD) provides the percentage area under a curve for one, two, and three standard deviations from the mean.

Miscellaneous

ASTM, ANSI, NFPA, IARC: acronyms for various organizations dealing with standards, fire protection, cancer research.

Safety and Health Programs

The main goal is to prevent workplace injuries, illness, and deaths.

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Description

Test your knowledge on dynamic risk assessments and formal hazard analysis techniques. This quiz covers tangible and intangible costs in risk management as well as various analytical methods used in the field. Perfect for those studying risk management practices across different industries.