Risk Mgmt Flashcards
how many workers suffer injury each year in Canada
6.3%
operational risk management
A decision-making tool to systematically identify operational risks and benefits and determine the best course of action for any given situation.
HAZOP
Hazard and Operability Study
process safety management
analytical tool focused on preventing releases of any substance defined as a “highly hazardous chemical”
two main factors to be considered in the risk assessment process
Likelihood of occurrence and the potential impact
ALARP
as low as reasonably practicable
ISO for HS systems
there is none
risk assessment
thorough look at your workplace to identify those things, situations, and processes that may cause harm, particularly to people.
role of risk mgmt
povide a framework for health and safety decision making
first component of risk mgmt program
assessment to find areas of signifigant risk
