MANAGEMENT

BUISENESS MANAGEMENT

BUSINESS PLANNING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Risk Assessment mean? (Unit 33-KLO 2-4)
A
Risk assessment of hazards identified through a review of the potential unsafe-acts.
B
Risk evaluation of identified hazards taking into account the existing controls and defenses.
C
Risk ranking is a process by which risks can be prioritized for action.
D
Risk is a function of the probability of contact with (or exposure to) a hazard.
Explanation: 

Detailed explanation-1: -A risk assessment is a process to identify potential hazards and analyze what could happen if a hazard occurs. A business impact analysis (BIA) is the process for determining the potential impacts resulting from the interruption of time sensitive or critical business processes. There are numerous hazards to consider.

Detailed explanation-2: -A hazard assessment is the process used to identify, assess, and control workplace hazards and the risks to worker health and safety. The assessment is an essential part of an organization’s safety culture and safety management system.

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