Safety Risk Management (SRM) Component

Safety Risk Management (SRM)

• A detailed guide to determining the need for and adequacy of new or revised risk controls based on the assessment of acceptable risk
• Composed of: description of the system, hazard identification, risk assessment, risk analysis, risk control, and monitoring of risks and hazards

Safety Assurance

• Provides early detection of noncompliance issues, areas in need of improvement, and successes
• Done through: daily, weekly, and monthly reports, audits, inspections, and evaluations, employee reporting, data analysis, and system assessments

Safety Promotion

• Establishing a solid safety culture through a well-prepared policy statement
• Developing a safety culture over time by providing required training within the SMS framework
• Management must demonstrate a positive safety culture by providing financial and human resources

OSHAS 18001 System

• A widely accepted and recognized system globally
• Increases employee and management engagement in the safety system
• Increases potential for improved company and product acceptance, thereby increasing business expansion
• Provides a basis for improving overall SRM, reducing insurance premium cost
• Helps in reducing or preventing production delays and downtime from injuries
• Provides a systematic platform for communication
• Serves as a platform for continuous improvement

Disadvantages of OSHAS 18001

• Cost of SMS external auditing
• Human resource commitment from management and employees
• Other costs, including standards purchase, increased auditing, and potential system bureaucracy

ISO 45001

• A system developed by the International Organization of Standardization (ISO)
• Focuses primarily on hazard reduction, which can be an advantage or disadvantage

Safety Management System (SMS)

• A comprehensive management system that provides a platform for integrating safety program elements
• Goals: provide a systematic approach for managing risk, identify risks and implement effective controls, serve as a continuous improvement process, and provide an early means to determine when a process is noncompliant
• Components: safety policy, safety risk management, safety assurance, and safety promotion

Learn about the Safety Risk Management component, which provides a guide to determining the need for and adequacy of risk controls based on acceptable risk assessment.