Chapter 4 Flashcards

You may prefer our related Brainscape-certified flashcards:
0
Q

Risk evaluation includes

A

Extent of risk reduction
Extent of benefits or opportunities created
Take into account risk evaluation criteria

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
1
Q

Records

A
Maintenance schedule 
Incident reports
Failure reports 
Injury records
Equipment maintenance history 
Equipment policies and procedures
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Risk evaluation criteria

A
Organizational policies, aims and objectives 
Regulations 
Australian standards 
Legislation 
Operating procedures and guidelines
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Risk treatment options

A

Reduction
Acceptance
Finance
Transfer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Risk treatment plan

A
Implementing details 
Responsibilities 
Schedules 
Expected outcome 
Budgeting 
Performance measures 
Review process
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Risk management plan

A

Objectives
Equipment and resources
Contingencies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Risk analysis

A

I like controlled risks

Identify
Likelihood
Consequences
Rate

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Likelihood

A

5 almost certain - 1 rare

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Consequences

A

A catastrophic - E insignificant

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Sources of risk

A
Physical 
Chemical 
Environmental
Financial
Behavioral
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Classification of risk: diseases

A

Affecting humans, animals and plants

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Classification of risk: economic perils

A

Currency, interest rates, share market

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Classification of risk: environmental

A

Noise, contamination, pollution

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Classification of risk: financial

A

Funds, frauds, fines

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Classification of risk: human perils

A

Explosions, riots, strikes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Classification of risk: natural perils

A

Weather conditions, natural disasters

16
Q

Classification of risk: work health and safety

A

Poor safety management

17
Q

Classification of risk: product liability

A

Design error

18
Q

Classification of risk: professional liability

A

Wrong advice, negligence

19
Q

Classification of risk: property damage

A

Fire, water damage, damage left from natural disasters

20
Q

Classification of risk: public liability

A

Public access, egress and safety

21
Q

Classification of risk: security

A

Vandalism, theft, illegal entry

22
Q

Classification of risk: technology

A

Advances and failures of technology

23
Q

Why is it important to document maintenance history

A

Enable people to review and assess the activity, equipment to be used and location of the session

24
Q

What is a risk

A

The chance of something occurring that will have any impact upon objectives

25
Q

How could you identify risks associated with an activity?

A

Draw on expertise from within or outside the organization

26
Q

3 relevant legislations

A

Work health and safety
Equal opportunity
Privacy

27
Q

Performance measure

A

How the organization will measure the success of the risk treatment plan