Risk Mgmt

Question 1

how many workers suffer injury each year in Canada

Answer 1

6.3%; 1 in 16; 1 every 9 seconds

Question 2

operational risk management

Answer 2

A decision-making tool to systematically identify operational risks and benefits and determine the best course of action for any given situation.

Question 3

HAZOP

Answer 3

Hazard and Operability Study

Question 4

process safety management

Answer 4

analytical tool focused on preventing releases of any substance defined as a “highly hazardous chemical”

Question 5

two main factors to be considered in the risk assessment process

Answer 5

Likelihood of occurrence and the potential impact

Question 6

ALARP

Answer 6

as low as reasonably practicable

Question 7

ISO for HS systems

Answer 7

there is none

Question 8

risk assessment

Answer 8

thorough look at your workplace to identify those things, situations, and processes that may cause harm, particularly to people.

Question 9

Role of Risk Management

Answer 9

To provide a framework for health and safety decision-making

Question 10

Incidence Rate

Answer 10

Frequency of reported injuries/illnesses within a specified number of workers

Question 11

Cumulative Burden

Answer 11

The number of days lost due to accidents and the number of sick days due to work-related illnesses.
The measure of the frequency rate and the duration or intensity of the events.

Question 12

How many workplace injuries reported in Canada in 2006

Answer 12

1,000,000

Question 13

What percentage of accident victims are aged 15-29?

Answer 13

30%

Question 14

In 2011, WCB awarded how much money in H&S benefits?

Answer 14

5.5 billion

Question 15

Including indirect costs the annual cost of occupational injuries to the Canadian economy is?

Answer 15

$10 billion

Question 16

Indirect costs of workplace injuries are:

Answer 16

lost company productivity
reduced worker income
residual health problems in returning workers

Question 17

costs covered by WCB

Answer 17

direct costs
insurance of vehicles
third party insurance
insurance of building structures

Question 18

What is a hazard

Answer 18

potential to cause harm to health, safety or human welfare.

The actual danger.

Question 19

What is risk

Answer 19

the chance of causing harm by being exposed to a hazard.

The possibility of danger.

Question 20

How many days of work are lost every year in Canada from workplace injuries

Answer 20

16 million

Question 21

Risk estimation

Answer 21

uses scientific information and analytical methods to calculate the estimated degree of risk

Question 22

Risk evaluation

Answer 22

considers non-scientific aspects of the risk problem (economic, social, political, legal)

Question 23

Risk control

Answer 23

deals with the identification and selection of possible risk control options, and their appropriate means of implementation

Question 24

The three core activities in the risk management process are:

Answer 24

Risk estimation
Risk Evaluation
Risk Control

Question 25

A non-essential process in a risk managment framework is :

Answer 25

Risk communication

Question 26

In Canada, the two most influential risk management frameworks are:

Answer 26

Canadian Standard Association (CSA) - CSA Q850

Health Protection Branch (Health Canada) - HPB

Question 27

Steps in CSA - Q850 framework are:

Answer 27

1) initiation
2) preliminary analysis / hazard identification
3) risk estimation
4) risk evaluation
5) risk control
6) action / monitoring

Question 28

Steps in HPB risk determination framework:

Answer 28

1) hazard identification
2) risk estimation
3) development of options
4) optional analysis
5) decision / implementation
6) monitoring and evaluation
7) review

Question 29

What does Weight of Evidence (WOE) mean?

Answer 29

A measure of proof based on the believability of evidence.

Question 30

What are three common approaches used in scientific evidence?

Answer 30

1) The weight of evidence
2) The precautionary principle
3) Reducing risks to as low as reasonably achievable (ALARA)

Question 31

What are the 4 T’s in risk control?

Answer 31

Terminate - Terminate the risk (eliminate the hazard)
Treat - Treat the risk that exists (i.e engineering controls, admin, PPE)
Tolerate - Accepting a small amount of remaining risk
Transfer - Moving liability associated with risk to a third party (I.e purchasing insurance)

Question 32

Critical decision making criteria in risk management include:

Answer 32

1) Weight-of-evidence
2) Precautionary principle
3) Sound science principle
4) The ALARA principle
5) Reasonable relationship