The Principles of Risk Assessment | Modern Dignity - The Social ...

Risk assessment is one of the measures included in the process of risk management. Risk assessment mainly deals with the evaluation or estimation of the risk against various hazards that are faced by the firm. The quantitative risk assessment includes the probability of the risk as well as the degree of the potential loss that is about to occur. The main objective of risk assessment is to assess the uncertainties and assumptions of all the risks which are clearly traced and are taken into importance. The main concern with the evaluation of the risk assessment is that the potential loss and the probability of the risk incidence are not easily measurable.

Risk assessment is a simple process of taking care of the approaching threats that can harm or destroy the workers and the business. Most of the uncomplicated procedures involved can control these risks without much effort. For instance, it comprises of the cheap, valuable and simple efforts to ensure that the workplace is protected. These careful examinations can very well prevent the possibility of risks or threats and assure a secure working environment. There are steps that are associated with the risk assessment. The steps include the following events.

Recognize the hazards: ??

You can eradicate the risk only when you take note of the kind of hazard responsible for the destruction of the business. Hence, you can take rounds along the workplace and ask the employees about the workings and other unobvious things that they may have taken notice of. A record of the ill health and accidents should be taken care of. You can also visit the HSE website which can provide you guidelines on the control of these hazards through risk assessment if they occur.

Categorize the possibilities of harm caused by the risk:

You must be certain to decide on how the risk can affect the project and whom it can affect. This identification can lead you to the most excellent way to manage the risk. Every group of the working members in the firm can be noted, for example, the workers, the people with disabilities, the visitors, cleaners or contractors, and the maintenance workers who are not present at the workplace the whole time. The identification of the possibility that they might be harmed is extremely essential. This will help you take quick actions as soon as any crisis occurs.

The evaluation of the risk:

As soon as the risk is detected, the next step should soon follow ? how should one get rid of the risk and prevent its bad effects. Some of the principles can be applied, for instance, choosing a less risky option, the access to the harm caused should be banned, personal protective equipments such as the footwear and clothing can be issued and the welfare facilities should be granted.

Record and implement:

If the risk factors have been declared, one should take pain to share them with the other staff members and turn the actions to be more effective.

Thus, with the help of these steps, one can cope with the risk assessment.

Jake Blake is working in the area of risk management and IT security (Do you know that the Danish term is?IT-sikkerhed).

Source: http://www.moderndignity.com/the-principles-of-risk-assessment/

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