Risk Management Flashcards
1
Q
What are the steps of risk management?
A
Step 1. Identify hazards.
Step 2. Assess hazards to determine risks.
Step 3. Develop controls and make risk decisions.
Step 4. Implement controls.
Step 5. Supervise and evaluate.
2
Q
What are the four levels of Risk Management?
A
- Extremely high
- High
- Medium
- Low
3
Q
What are the three types of controls?
A
- Educational controls
- Physical Controls
- Hazard elimination controls
4
Q
What are the severity levels of risk management?
A
- Catastrophic
- Critical
- Moderate
- Negligible
