HIRAC Flashcards
is the term used to describe the various operational activities aimed at minimizing the impact of accidental or unplanned
loss.
Risk Management
Risk Management Process
Risk Identification
Risk Measurement
Risk Treatment
Risk Review and Monitoring
anything that may cause harm
hazard
likelihood that somebody could be harmed by these and other hazards
risk
combination of severity of harm and likelihood that the harm will occur
risk
TRUE OR FALSE. risk only increases as severity of the harm increases
risk increases as severity increases or likelihood increases or both
process of analyzing risks associated with an activity, function or process
risk assessment
measure of probability and frequency of incident occuring
likelihood
potential consequences/impact of the incident occuring
severity
