Lecture 2 - Likelihood and Consequences

Question 1

What is a risk matrix?

Answer 1

REFER TO SLIDES FOR EXAMPLE

Question 2

What is ALARP?

Answer 2

“As low as reasonably practicable” - REFER TO LECTURES FOR EXAMPLE

Question 3

What is a risk register?

Answer 3

• Each risk is assessed with respect to likelihood and consequence
• Generally these values are multiplied together to give a risk ranking
• Risks and their rankings are stored in the risk register
• Risks with high rankings are prioritised for treatment

Question 4

How are risk registers used?

Answer 4

• All organisations are required to maintain risk registers
• Projects have risk registers
• There are often risk registers for specific risks e.g. Safety and Health
• UWA has a risk register stored on the Staff Intranet
• Your MPE projects should have a risk register