Risk Management Overview

The first step in risk management, focusing on finding potential dangers in the workplace.

Evaluating the potential harm and likelihood of an accident.

Implementing measures to decrease the risk of accidents, using engineering and/or administrative controls.

Regularly checking that risk control methods are still effective as work conditions can change.

The risk associated with a large group of individuals, potentially impacting a community.

The risk associated with workplace hazards to a single person.

A method, either qualitative or quantitative, used to identify and evaluate potential risks to workers and others.

Systematically identifying, evaluating, and prioritizing potential risks to minimize negative impacts.

A tool used in Total Quality Management (TQM) to analyze the causes of undesirable events.

Risk assessment involves evaluating the likelihood and impact of hazards, whereas hazard identification focuses on describing potential harms.

Documenting risk assessment steps and findings for future reference and compliance.

A calculated risk for each individual unit.

The correct sequence for risk assessment is: Hazard Identification, Hazard Accounting, Risk Evaluation, Risk Characterization.

Residual risk is the risk remaining after implementing controls to mitigate inherent risk.

Probabilistic controls are NOT a common type of risk control used to reduce inherent risk.

A Management Oversight Risk Tree (MORT) analyzes causal factors leading to accidents, targeting underlying management system issues.

Gambling is NOT an example of pure risk; it involves potential positive outcomes.

During a plant accident, prioritize accurate information reporting to management, not downplaying or blaming, before addressing external inquiries.

Consistently ignoring safety rules requires escalating the issue through proper channels, such as the supervisor, personnel department, or labor union, not bypassing them immediately.

The reliability of a series system is calculated by multiplying the individual component reliabilities.

The reliability of a parallel system is calculated by finding the probability that NONE of the components fail.

The process of recognizing potential hazards or problems before risks management/analysis.

Site assessment is the crucial first step in hazardous waste risk assessment.

Risk is a function of both the probability of an incident occurring and the severity of its consequences.

In risk assessment, the case with the highest product (probability × severity) represents the highest risk.

A method comparing the economic costs and benefits of different project alternatives.

A systematic method to determine deviations from designed parameters; Identifying potential hazards.

A technique to evaluate environmental risks and hazards.

Risk associated with workplace hazards to a single person.

Evaluating potential risks qualitatively or quantitatively, considering probability and severity.

Systematically identifying, evaluating, and prioritizing potential risks to minimize negative impacts.

Management Oversight Risk Tree; a technique tracing unwanted events to their causes, similar to Fault Tree Analysis.

Determines probability and severity of events creating risk, conducted after hazard evaluation.

Identifying hazardous conditions, potentially dangerous to life or health from a site.

Calculating risk per unit; e.g., if 10,000 units have 100 risk exposure, units risk exposure is 100/10,000

Identifying and categorizing risks affecting a project, documenting them.

Emotional aspects, like stress and anxiety, are NOT a primary focus of a safety and health program when creating it.

The two main categories are Failure Mode and Effects Analysis (FMEA) and Fault Tree Analysis (FTA).

Interpretation is NOT one of the seven steps in Berlo's communication model.

Providing training to eliminate or reduce unsafe conditions is a valid approach in safety programs focused on behavior modification.

Knowledge of risks involved does not always lead to safe behaviors.

Quantifying the results using minimum cut sets is NOT a step in Job Hazard Analysis (JHA).

Root Cause Analysis (RCA) is the process of analyzing the cause-and-effect relationship of an event, often with undesirable consequences, not combining forward and backward thinking.

Creating a Risk Management plan is a critical step that analyzes exposure to negative impacts.