risk assessment

What is a risk assessment?

• A risk assessment is a method to eliminate all risks.
• A risk assessment is a legal document for contracts.
• A risk assessment is a financial analysis of investments.
• A risk assessment is a process to identify and evaluate potential risks.

What are the 4 key elements of a risk assessment?

• The 4 key elements of a risk assessment are: identifying hazards, analyzing risks, evaluating risks, and implementing control measures.
• Implementing hazards, analyzing control measures, identifying risks, and evaluating outcomes.
• Analyzing control measures, identifying risks, evaluating outcomes, and reporting findings.
• Identifying risks, evaluating hazards, implementing measures, and monitoring outcomes.

What's the difference between a risk and a hazard?

• A hazard refers to the consequences of an event; a risk is the event itself.
• A hazard is a potential source of harm; a risk is the likelihood of that harm occurring.
• A hazard is always a risk; risks cannot exist without hazards.
• A risk is a potential source of harm; a hazard is the likelihood of that harm occurring.

What's a risk matrix?

• A risk matrix is a visual representation used to assess and prioritize risks based on their likelihood and impact.
• A risk matrix is a document that lists all company employees.
• A risk matrix is a type of software used for project management.
• A risk matrix is a tool for calculating financial profits.

Name two types of information you would find in a risk assessment?

• Training requirements for staff
• Potential hazards, likelihood and impact of hazards
• Safety protocols and procedures
• Emergency contact information

Name two types of information you would find in a risk assessment?