OPM538 RISK MANAGEMENT

RISK MANAGEMENT IS

• •The process of evaluating the risks to safety and health arising from hazards at work

• •The procedure associated with identifying a hazard, assessing the risk, putting in place control measures, and reviewing outcomes

• •Combined likelihood of a hazardous event occurring during a specific period or in specified circumstances and severity of injury or damage to persons, property, the environment, or any combination.

• LIKELIHOOD OF INCIDENT

HIERARCHY OF CONTROL IS

• •Source or situation that could cause human injury or illness, property damage, environmental damage, or a combination of these.

• •Process of implementing measures to reduce the risk associated

  •with a hazard.

• •The established priority order for the types of measures to be
  used to control risks.

• •The identification of undesirable events that could trigger the hazard and their mechanism.

WHAT IS RISK?

• an event likely to occur within the specific period or in specified circumstances.

• outcome from an event such as severity of injury or health of people, or damage to property, or insult to environment, or any combination of those caused by the event.

• •The process of evaluating the risks to safety and health arising from hazards at work

• ØRisk is the combination of the likelihood and severity of a specified hazardous event occurring.

THE FOLLOWING IS RISK MANAGEMENT PRINCIPLES EXCEPT

• INCREASE COST OF MITIGATION

• ALLIGN RISK MANAGEMENT WITH BUSINESS STRATEGY

• DRIVE DECISION MAKING

• BUILD A RISK ADDRESSING CULTURE

WHICH OF THE FOLLOWING IS NOT THE STEP IN RISK ASSESSMENT?

• ASSESSING THE HAZARD

• COMPLYING WITH THE LAW

• PROTECTING BUSINESS

• PROTECTING WORKERS

WHICH OF THE FOLLOWING IS NOT TRUE REGARDING PPE?

• PPE IS ACCEPTABLE WHEN ENGINEERING CONTROLS ARE NOT FEASIBLE

• WHILE ENGINEERING CONTROLS ARE BEING DEVELOPED

• WHEN ADMINISTRATIVE CONTROLS AND SAFE WORK PRACTICES DO NOT PROVIDE SUFFICIENT PROTECTION

• PPE IS THE FIRST OPTION FOR CONTROL MEASURES