Lesson 4 - Risk Assessment Matrix and Risk Mitigation Flashcards
1
Q
Risk Assessment Matrix Score: Low
A
Below 4
2
Q
Risk Assessment Matrix Score: Moderate
A
5 to 6
3
Q
Risk Assessment Matrix Score: High
A
7 to 8
4
Q
Risk Assessment Matrix Score: Extreme
A
9 to 10
5
Q
Risk Mitigation Strategies (3 key points)
A
- Avoidance
- Reduction
- Segregation of exposure
6
Q
Definitions: Avoidance
A
The operation or activity is cancelled because the risk exceeds the benefit of continuing the operation or activity.
7
Q
Definitions: Reduction
A
The frequency of the operation or activity is reduced, or action is taken to minimise the extent of accepted risk.
8
Q
Definitions: Segregation of exposure
A
Action is taken to isolate the effects of the consequences of hazards, or where redundancy is built-in to mitigate it.
