PLCL02: Practical Risk Assessment

Question 1

What is a hazard?

Answer 1

A condition, device, substance that has the potential to cause worker injuries or property damage.

Question 2

How would you define risk?

Answer 2

Risk is the chance of loss or gain. It is a measure of potential loss that considers both magnitude of loss and likelihood of the loss occurring.

Question 3

What is the R.A.C. model?

Answer 3

The R.A.C. model requires the assessment team to reach an agreement regarding the level of risk considered acceptable or unacceptable given the situation.

Question 4

For each level of risk, high medium low, what actions are required?

Answer 4

High risks: unacceptable level. Eliminate or reduce risk immediately. Medium risks: Risk controls required, observe to recommend. Low risks: acceptable level but controls may still be justified.

Question 5

What are the steps for conducting a group risk assessment?

Answer 5

1. Define system/scope 2. Use item classifications 3. List concerns 4. Explain impacts 5. Record impact rating 6. Explain probability 7. Record probability rating 8. Record risk level overall 9. Establish controls 10. Record any residual risk.