Risk Management Overview

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Questions and Answers

What is the first step in the risk management process?

Review Control Measures

Risk Assessment

Hazard Identification (correct)

Risk Control

Which combination of factors must be considered during risk assessment?

Exposure limits alone

Both severity and probability (correct)

Only severity

Only probability

What type of control involves placing a shield between a worker and an ionizing radiation source?

Engineering control (correct)

Behavioral control

Administrative control

Personal Protective Equipment

Why is regular review of control measures necessary?

To verify effectiveness based on workplace changes Signup and view all the answers

Which of the following best describes a situation that falls under hazard identification?

Identifying potential sources of physical harm Signup and view all the answers

What is the primary purpose of risk control?

To minimize risk through various controls Signup and view all the answers

When is risk deemed unacceptable?

When it exceeds marginally acceptable levels Signup and view all the answers

What is an example of administrative control in risk management?

Rotating workers in a high-noise area Signup and view all the answers

Which statement best describes societal risk?

The risk associated with a large group of individuals. Signup and view all the answers

What does individual risk primarily focus on?

The risk an individual faces from workplace hazards. Signup and view all the answers

Risk analysis in occupational safety can be described as:

A combination of both qualitative and quantitative methods. Signup and view all the answers

Which statement about the risk assessment process is most accurate?

Risk can only be assessed after hazard identification. Signup and view all the answers

MORT, an acronym used in Total Quality Management, stands for:

Management Oversight Risk Tree. Signup and view all the answers

What is the primary function of the Management Oversight Risk Tree (MORT)?

To trace back from an undesirable event to identify its causes. Signup and view all the answers

How is Unit Risk Exposure calculated?

Dividing total lost dollars by the total number of units lost. Signup and view all the answers

Risk identification must be conducted before which of the following?

All of the above Signup and view all the answers

What is the first step in the process of risk assessment for a hazardous waste site?

Site assessment Signup and view all the answers

In the process of risk assessment, which case poses the highest risk based on the provided data?

Case 3 Signup and view all the answers

Which statement is true regarding cost-benefit analysis?

All of the above. Signup and view all the answers

Which of the following is NOT true about HAZOP team leaders or their functions?

They must also design the process from scratch. Signup and view all the answers

Which of the following is considered an environmental risk assessment technique?

All of the above. Signup and view all the answers

What must be considered in risk assessment alongside the probability of an incident?

Severity of the incident Signup and view all the answers

What does dividing the total risk exposure by the number of units help to achieve?

Determining average risk per unit. Signup and view all the answers

What is the correct order of the risk assessment process?

Hazard identification, hazard accounting, risk evaluation, risk characterization Signup and view all the answers

Which of the following is NOT a commonly used type of control to reduce inherent risk?

Probabilistic Signup and view all the answers

Which statement about a management oversight risk tree (MORT) is not true?

MORT is ineffective in identifying underlying management root causes of hazards. Signup and view all the answers

Which of the following is NOT an example of pure risk?

Gambling Signup and view all the answers

Following a reactor explosion at your petrochemical plant, what should your course of action be when approached by media?

Stay in the background and convey information to management. Signup and view all the answers

If an employee consistently ignores safety rules and discussions with their supervisor yield no results, what is the appropriate next step?

Reach out to the personnel department. Signup and view all the answers

Which type of risk assessment technique focuses on tracing causal factors back to management systems?

Management oversight risk tree (MORT) Signup and view all the answers

Which statement about the definitions of pure and speculative risk is accurate?

Speculative risk can lead to both positive and negative outcomes. Signup and view all the answers

Which of the following must be excluded when developing a safety and health program for an organization?

Availability of personal protective equipment Signup and view all the answers

What describes the general categories of formal hazard analysis techniques?

Inductive and deductive Signup and view all the answers

Which of the following is NOT one of the seven communication steps according to Berlo?

Interpretation Signup and view all the answers

Which of the following is NOT a valid approach in behavior-focused safety programs?

Eliminate unwanted behavior Signup and view all the answers

Which situation represents an instance where knowledge of risks may not lead to safe behaviors?

Eating high-cholesterol, high fat foods Signup and view all the answers

Which step is NOT involved in conducting a Job Hazard Analysis?

Quantify the results using minimum cut sets Signup and view all the answers

Which statement is true regarding Root Cause Analysis?

It analyzes cause and effect relationships of undesirable events Signup and view all the answers

Which of the following is NOT considered an essential step in the process of risk management?

Immediate corrective action Signup and view all the answers

What is the main focus of risk analysis as described in the content?

Evaluating both probability and severity of undesirable events Signup and view all the answers

What is the primary purpose of MORT as indicated in the content?

To investigate accidents and trace causes Signup and view all the answers

Which of the following statements accurately describes risk assessment?

It is performed after hazard evaluation. Signup and view all the answers

What is an essential outcome of the risk identification process?

A list of risks categorized by severity Signup and view all the answers

How is unit risk exposure calculated according to the content?

By summing risk exposure with the number of units Signup and view all the answers

Which step is first in the process of risk management?

Identifying situations that create risk Signup and view all the answers

What defines a secondary site assessment as indicated in the content?

It is conducted after the primary site assessment to recommend further actions Signup and view all the answers

What should be done with the list of identified risks in low-cost projects?

Assign them to individual team members for monitoring Signup and view all the answers

Study Notes

Domain III: Risk Management

Risk management involves four key steps: hazard identification, risk assessment, risk control, and review of control measures.
Hazard identification is crucial, as failing to identify hazards prevents proper risk assessment and management.
Workplace hazards include exposure to hazardous chemicals, physical agents like noise and vibration, heat stress, etc.
Manufacturers and suppliers provide information on hazards and safety precautions.
Risk assessment needs reliable data; estimates use engineering judgment. Severity and probability of accidents must be considered.
Risk control involves engineering and administrative controls.
Engineering controls use shields to prevent worker exposure to ionizing radiation.
Administrative controls include worker rotation in high-noise areas.
Personal Protective Equipment (PPE) is used for hazards not controlled by engineering or administration.
Risk control measures must be routinely reviewed to ensure continued effectiveness.
Risk management should cover workers, contractors, and other affected individuals.
Keeping records of the risk assessment process is a good practice for compliance and future assessments.

Example Questions

Societal risk affects large groups of individuals, while individual risk focuses on hazards or consequences affecting one person.
Risk analysis involves qualitative and quantitative methods.
Risk assessment should follow a specific order: hazard identification, before risk evaluation, risk characterization, and risk evaluation.
MORT is an acronym for Management Oversight Risk Tree, commonly used in Total Quality Management (TQM).
The Management Oversight Risk Tree (MORT) is a tool for analyzing risks.
A risk matrix is a table that combines probability and severity of risks in graphical or tabular form.
Risk assessment should consider cost-benefit analysis to evaluate competing alternatives.
Hazard and Operability (HAZOP) studies identify process parameter deviations from design intent.
Fault Tree Analysis (FTA) is a bottom-up system safety technique that traces undesirable events back to their causes.
RCA (Root Cause Analysis) identifies causes for undesirable events to prevent future occurrences.
A site assessment identifies hazards of a hazardous waste site.
Site assessment identifies hazardous conditions.
Proper risk assessment needs all stakeholders' input.
Risk control measures should address workers, contractors, and others potentially affected by hazards.
Risk can be managed to acceptable levels.

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Description

This quiz covers the essential concepts of risk management, focusing on the four key steps: hazard identification, risk assessment, risk control, and the review of control measures. Understanding workplace hazards, control measures, and the role of personal protective equipment (PPE) is critical for effective risk management strategies.