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Questions and Answers
What is the formula for calculating the Success Rate in the context provided?
What is the formula for calculating the Success Rate in the context provided?
Which of the following statements about Descriptive Epidemiology is accurate?
Which of the following statements about Descriptive Epidemiology is accurate?
What are the responsibilities for effective risk communication as mentioned?
What are the responsibilities for effective risk communication as mentioned?
What is the primary function of occurrence insurance?
What is the primary function of occurrence insurance?
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What is the role of ASTM International?
What is the role of ASTM International?
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What is a characteristic of speculative risk?
What is a characteristic of speculative risk?
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Which of the following is NOT a goal of safety and health programs?
Which of the following is NOT a goal of safety and health programs?
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What is one of the steps in the NIOSH three-step process for conducting occupational risk assessments?
What is one of the steps in the NIOSH three-step process for conducting occupational risk assessments?
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In dynamic risk assessments, which of the following is crucial to the process?
In dynamic risk assessments, which of the following is crucial to the process?
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Which step comes last in the general risk assessment process?
Which step comes last in the general risk assessment process?
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Which of the following is a component of the EPA Human Health Risk Assessment process?
Which of the following is a component of the EPA Human Health Risk Assessment process?
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What factor must be considered when designing a safety program?
What factor must be considered when designing a safety program?
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What does FMEA primarily focus on when analyzing a system?
What does FMEA primarily focus on when analyzing a system?
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Which of the following is NOT a category of hazards mentioned?
Which of the following is NOT a category of hazards mentioned?
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What is the purpose of a common cause failure analysis?
What is the purpose of a common cause failure analysis?
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What type of analysis is primarily considered a bottom-up method?
What type of analysis is primarily considered a bottom-up method?
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What aspect does a system hazard analysis focus on?
What aspect does a system hazard analysis focus on?
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What does the sneak circuit analysis reveal?
What does the sneak circuit analysis reveal?
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What is the primary outcome of a preliminary hazard analysis?
What is the primary outcome of a preliminary hazard analysis?
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What defines a safety-critical computer software component?
What defines a safety-critical computer software component?
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Which analysis method is characterized by starting from known effects to search for potential causes?
Which analysis method is characterized by starting from known effects to search for potential causes?
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What is considered a single failure point?
What is considered a single failure point?
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Which worker group is least likely to utilize dynamic risk assessments?
Which worker group is least likely to utilize dynamic risk assessments?
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Which of the following statements accurately describes the deductive approach in formal hazard analysis?
Which of the following statements accurately describes the deductive approach in formal hazard analysis?
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What type of risk management focuses on eliminating discrepancies between perceived and target levels of risk?
What type of risk management focuses on eliminating discrepancies between perceived and target levels of risk?
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Which of the following is characterized as an intangible cost?
Which of the following is characterized as an intangible cost?
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What is a key characteristic of independent events in probability?
What is a key characteristic of independent events in probability?
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In fault tree analysis, which type of fault tree can be qualitative?
In fault tree analysis, which type of fault tree can be qualitative?
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What technique was developed by the Scandia Corporation to predict human error?
What technique was developed by the Scandia Corporation to predict human error?
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Which statement correctly describes the Monte Carlo Method used in risk analysis?
Which statement correctly describes the Monte Carlo Method used in risk analysis?
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Which of the following best defines risk management?
Which of the following best defines risk management?
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What does the 'bathtub' curve illustrate in relation to component failure?
What does the 'bathtub' curve illustrate in relation to component failure?
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How is the reliability of a system composed of components in series calculated?
How is the reliability of a system composed of components in series calculated?
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What defines a Type I error in hypothesis testing?
What defines a Type I error in hypothesis testing?
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What is the consequence of a chi-square statistic equal to 0.01?
What is the consequence of a chi-square statistic equal to 0.01?
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In the context of risk management, what must be assessed if a risk is not considered acceptable?
In the context of risk management, what must be assessed if a risk is not considered acceptable?
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What technique envisions a 'primitive' system to evaluate control effects?
What technique envisions a 'primitive' system to evaluate control effects?
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What is the primary purpose of feedback in a behavioral observation process?
What is the primary purpose of feedback in a behavioral observation process?
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Which formula represents the relationship between the mean time between failures and system reliability?
Which formula represents the relationship between the mean time between failures and system reliability?
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What is NOT considered appropriate when assessing the reliability of a system?
What is NOT considered appropriate when assessing the reliability of a system?
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How does a change analysis contribute to safety analyses?
How does a change analysis contribute to safety analyses?
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Study Notes
Risk Management: Domain 3
- Hazard Identification: First step in risk management, involves identifying potential hazards.
- Assessment: Evaluating hazards based on their severity and probability.
- Management: Implementing controls to mitigate identified risks.
- Supervise and Reevaluate: Monitoring the effectiveness of implemented controls and making necessary revisions.
- Assessment of Hazards: Determining the degree of severity of identified hazards.
- Implement Controls: Developing and putting into effect controls to prevent and/or respond to the hazard.
- Controls Developed and Decisions Made: Finalizing risk management by implementing the most effective risk reduction strategies.
Degrees of Severity
- Catastrophic: Death or permanent total disability, complete project failure or the inability to complete the project, loss of critical systems or equipment, severe environmental damage, unacceptable collateral damage.
- Critical: Permanent partial disability or temporary total disability, extensive damage to equipment or systems, significant property or environmental damage, and significant collateral damage.
- Marginal: Lost work day injuries, illnesses, minor equipment or system damage, minimal adverse impact and little/no property/environmental damage.
- Negligible: First aid or minor medical treatment, minimal adverse impact on capability, minimal/no damage to equipment or environment.
Hazard Probability Rating
- Frequent: Occurs very often, happens regularly.
- Likely: Occurs several times, a common event.
- Occasional: Occurs sporadically, not uncommon.
- Seldom: Remotely possible.
- Unlikely: Uncommon, event is less likely to occur.
Types of Controls
- Educational controls: Based on employee knowledge and skills, implemented through training.
- Physical controls: Barriers, guards, and warning signs to prevent hazards.
- Avoidance: Supervisors and managers actively prevent contact or exposure to a hazard.
Systems Safety
- Fail Safe Passive: Equipment stops operating automatically.
- Fail Safe Active: Automatic emergency activation (lights etc).
- Fail Safe Operational: Safest operation for people (e.g. autopilot in planes)
Risk Management
- Risk: Probability of an injury, loss, or potential hazard occurring.
- Risk Assessment: Evaluating the risks associated with each hazard.
- Hazard: Condition with potential to cause injury, illness, or death.
- Hazard Identification: Finding all hazards associated with specific jobs.
- Probability: Likelihood of an event occurring.
- Severity: Degree of unwanted consequences/ outcomes.
- Risk Management Process Steps: Hazard identification, hazard analysis, development of controls, decision-making, implementation, and ongoing supervision and evaluation.
Risk Assessment Application
- Dynamic Risk Assessments: Process that continually monitors hazards.
- Generic Risk Assessment: Used for a generic or general evaluation.
- Specific Risk Assessment: Used for a very specific or targeted evaluation.
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Description
Test your knowledge on the key concepts of risk management, focusing on hazard identification, assessment, and management. This quiz covers the degrees of severity and the implementation of controls to mitigate risks effectively. Assess your understanding of the systematic process involved in effective risk management.
