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Certified Safety Professional Exam > CSP Domain 3: Risk Management > Flashcards

CSP Domain 3: Risk Management Flashcards

1
Q

What is a limited scope audit

A

Examines only one program at a time, which allows for increased thoroughness and efficiency

Ex. Hearing conservation program

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2
Q

What method is the MOST effective at determining potential problems in a system?

A

Failure Mode and Effect Analysis

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3
Q

Poor countermeasures and a weak causation analysis are examples of

A

Safety Program Defects

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4
Q

Designation for risk management professionals from The National Alliance for Insurance Education and Research

A

Certified Risk Manager (CRM)

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5
Q

What are the 3 dimensions of measurement when discussing health and safety performance?

A

Capability, Compliance, and Deployment

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6
Q

What is an accurate definition or formula to measure loss ratio?

A

(Losses)/ ((Premium)*(Emod))

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7
Q

What is the difference between loss prevention and loss reduction

A

Prevention-reduces the likelihood a loss will occur -Training

Reduction-reduces severity of a loss- Installing firewalls, sprinklers, and equipping a fire brigade

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8
Q

What is the final step in the risk management?

A

Administering the process

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9
Q

List the major elements of an effective health and safety program:

A
  • Management Comittment
  • Employee Involvement
  • Worksite Analysis
  • Hazard Prevention and Control
  • Health and Safety Training.
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10
Q

Designation for risk management professionals from Institutes for Risk and Insurance Knowledge Group

A

Associate in Risk Management (ARM)

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11
Q

What are the three levels of accident causation?

A

Direct causes
Indirect causes
Basic/Root causes

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12
Q

What is the William Fine method for?

A

To decide if there is a justification for the cost to correct a hazard and how quickly to react.

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13
Q

How does Fine’s risk method calculate a risk score?

A

Consequences * Exposure * Probability

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14
Q

What determines the overall risk assessment using a risk matrix

A

The highest level of risk

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15
Q

Risk analysis method for allocating funds to achieve the greatest risk reduction across several departments within a plant

A

Logical process risk analysis

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16
Q

What is true of enterprise risk management

A
  • Prioritizes and manages exposures as a comprehensive group (not individual clusters)
  • Designed to emphasize a wide array of risks
  • Applies to a broad range of functions
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17
Q

Which calculation is used to evaluate when an investment will pay for itself based on savings

A

Time value of money

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18
Q

Hierarchy of controls from most effective to least preferred

A 
Elimination
     Substitution
          Engineering
                Administration
                      PPE
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19
Q

Partial injury

A

When an employee can still work after being injured but cannot perform normal tasks

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20
Q

What are the four major factors that should be investigated with each incident?

A

Human
Management Systems
Work Environment
Equipment/Tools

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21
Q

What needs to be identified during an incident investigation:

A
  • Management system that failed
  • Unsafe act or conditions that led to a release of energy
  • Source of the energy that was release

*Should not focus on finding fault or fixing blame

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22
Q

What are risk perception factors that lead to overestimation?

A
  • Unknown
  • not understood
  • uncommon
  • dramatic
  • Media coverage
  • Controversial
  • you in control
  • non-voluntary
  • work risks
  • many injuries/events
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23
Q

What is a limit to cost-benefit analysis?

A

Not all cost and benefits can be easily converted to quantitative or financial terms

24
Q

According to the Severity Rating Table, catastrophic severity is:

A

Ideath or permanent disability,

complete project failure or the loss of ability to complete the project, and

loss of major critical systems or equipment

25
Q

According to the Hazard Probability rating table what is the ratio for an incident to be considered occurring SPORADICALLY?

A

Occur occasionally but less often than 1/1000 exposures

26
Q

According to the Severity Rating Table, negligible severity includes:

A

First aid or minor medical treatment, little or no adverse impact on project capability, and slight equipment or system damage.

27
Q

When dealing with worker compensation claims, if en employee has a pre-existing condition and it is not documented, how would workers comp handle the claim?

A

Would have to pay 100% for new injury

28
Q

What are two key control measures for implementing controls?

A

The cost of the control and the degree of hazard reduction.

29
Q

What are the 5 controls included in the control development and decision-making process?

A
  • Support
  • Standards
  • Training
  • Leadership
  • Individual
30
Q

Why is it important for the safety professional to know basic financial information?

A

To justify safety recommendations

31
Q

What is the maximum number of “days away” that can be recorded for a single injury on an OSHA log?

A

180 days

32
Q

Who is responsible for making sure that controls are implemented throughout the risk management process?

A

Managers and supervisors

33
Q

What is the leading cause of fatalities in crane operations

A

Contact w electrical power lines

34
Q

What part of assessing the exposure of chemicals is the scaling factor between species related to?

A

Dose/Response assessment

35
Q

According to the Severity Rating Table, critical severity is:

A

Includes permanent partial disability or temporary total disability of employees, severely degraded project capability, and extensive major damage to equipment or systems.

36
Q

Provides detailed information about the cost of a workers compensation claim

A

Company loss runs

37
Q

According to the Hazard Probability rating table what is the ratio for an incident to be considered LIKELY to occur?

A

1/1000

One out of every 1000 employees performing task

38
Q

When dealing with workers’ compensation insurance premiums, the average rate for a particular class of work is called what?

A

Book rate or manual rate

39
Q

Insurance companies use a multiplier to calculate and provide worker’s comp insurance which is known as:

A

EMR = (adjusted actual losses + ballast)/(expected losses + ballast)

40
Q

According to the Hazard Probability rating table what is the ratio for an incident to be considered to occur FREQUENTLY?

A

1/500

Injury occurs once out of every 500 exposures

41
Q

Temporary Injury

A

One which employee is expected to completely recover

Ex. Sprained ankle

42
Q

When calculating employee modification rate, what is an accurate description of ballast?

A

An amount added to both the numerator and denominator of the EMR formula to reduce the differences between large credits and large debts

43
Q

According to Heinrich, for every serious/fatal accident, there are:

A

29 minor accidents
300 near misses

He postulated these numbers without being able to verify their accuracy

44
Q

A number used to calculate workers comp premiums

A

E-mod

Notes:

It is long term indicator of safety performance. Takes into account 3 of the 4 previous years.

E-Mod of 1 is industry avg. 0.5 is excellent and means your companies premiums cost 50% of industry avg.

The number of compensate claims (small claims) has a greater effect on E-Mod than a single costly claim

45
Q

Total injury

A

When an employee is so injured on the job that they cannot work

46
Q

What is the primary purpose of incident investigation?

A

To prevent future accidents from occurring

47
Q

According to Frank E. Bird’s theory, for every serious/disabling injury there are:

A

10 minor injuries
30 property damage incidents
600 incidents with no damage or visible injury

Was able to derive this data empirically from looking through companies loss histories

48
Q

Permanent injury

A

Workplace injury which an employee will not recover from

49
Q

The most appropriate technique to use to analyze system safety at small job sites is:

A

Job Safety Analysis

50
Q

The primary reason for safety inspections is:

A

Identify and correct workplace hazards

51
Q

What are the 4 steps of a chemical risk assessment?

A
  • Hazard identification
  • Dose-response assessment
  • Exposure assessment
  • Risk characterization
52
Q

What are the three basic methods for assessing effectiveness of any safety and health program?

A

Document review and verification
Employee interviews
Site condition reviews

53
Q

What is false about warning hazards

A

Depend on people to take actions that will prevent them for being exposed

True: They are effective only if humans perceive them, do not remove a hazard, prevent access to a hazard

54
Q

What are considered active safeguards in fall protection?

A

Personal Fall Arrest System

Requires action by the wearer

55
Q

What are considered to be passive safeguards in fall protection?

A

Guardrails
Safety nets
Hole covers

56
Q

What are Type I policy errors?

A

Having too stringent regulations

  • creates false positives
  • imposes unnecessary costs on produces
  • increases public fears
57
Q

What are type II policy errors?

A

Having regulations not stringent enough

  • creates false negatives
  • can expose citizens and environment to preventable risks

Certified Safety Professional Exam (13 decks)

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