Asked in DefinitionsPersonal Safety and Security
Definitions
Personal Safety and Security
Risk analysis in natural hazard from wikipeadia?
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Wiki User
October 01, 2009 10:38AM
what is risk analysisin natural hazard
Related Questions
Asked in Probability, Risk Management
What is the step in the risk management process is focused on determine the probability and severity of a hazard occurring?

Step in risk management process focused on determining the
probablity and severity of a hazard occuring is the risk assessment
process. Risk assessment consists of three related functions which
are risk identification, hazard analysis and risk measurement.
Risk measurement evaluates the likelihood of loss or gain along
the dimensions of frequency and severity.
Asked in Risk Management
What step in the CRM process is focused on determining the probability and severity of the hazard occurring?

Step in risk management process focused on determining the
probablity and severity of a hazard occuring is the risk assessment
process. Risk assessment consists of three related functions which
are risk identification, hazard analysis and risk
measurement.
Risk measurement evaluates the likelihood of loss or gain along the
dimensions of frequency and severity.
Asked in Risk Management
What step in the composite risk management is focused on the probability and determining the severity of a hazard occurring?

It is called Qualitative Risk Analysis.
Qualitative Risk Analysis is the process where we assess the
Probability of the Risk event occurring and the Impact of the same.
At the end of this process we will have a prioritized list of risks
that we need to analyze further.
The step that focuses on determining the probability and
severity of a hazard occurring is called the assess hazards step.
Assessing hazards is done through qualitative risk analysis.
The step in the composite rash management process that is
strictly focused on determining the probability of a hazard
occurring is called "assess hazards."
Qualitative Risk Analysis
Purpose of Qualitative Risk Analysis:
The purpose of this process is to prioritize risks in order to
determine which risks require additional analysis. This helps the
risk management team to focus on the higher priority risks.
The Qualitative Risk Analysis process asks questions like:
a. What is the probability of this risk occurring?
b. What is the impact to the project objectives, if this risk
occurs?
c. How much time do we have, to respond to this risk?
d. Where should we spend our effort?
e. Etc.
The Next Step is to analyze numerically the effect of identified
risks on meeting the project objectives.
There are five steps total in the Composite Risk Management
(CRM) process. Step 2 focuses on determining the probability and
severity of a hazard occurring.
The step in composite risk management (CRM) that focuses on
determining the probability of a hazard occurring is called
underwriting. Underwriting also factors in the severity of a hazard
occurring.
Asked in Health
What is a low risk hazard?
Asked in Project Management, Risk Management
What are the two main forms of Risk Analysis?

There are two main forms of Risk Analysis:
1. Qualitative Risk Analysis &
2. Quantitative Risk Analysis
Qualitative Risk Analysis
This is used to prioritize risks by estimating the probability
of the occurrence of a risk and its impact on the project.
Quantitative Risk Analysis
This is used to perform numerical analysis to estimate the
effect of each identified risk on the overall project objectives
and deliverables.
Usually, you prioritize risks by performing qualitative analysis
on them before you perform quantitative analysis. We will learn
both one by one in the subsequent chapters.
Asked in Small Business Loans, Project Management, Risk Management
What is risk analysis?

Once the risks have been identified, you need to answer two main
questions for each identified risk:
1. What are the odds that the risk will occur,
2. If it does occur, what will its impact be on the project
objectives?
You get the answers by performing risk analysis.
There are two main forms of Risk Analysis:
1. Qualitative Risk Analysis &
2. Quantitative Risk Analysis
Asked in Risk Management
Who does risk analysis?

Usually the Project Manager in a Project Management
environment.
Once the risks have been identified, you need to answer two main
questions for each identified risk:
1. What are the odds that the risk will occur,
2. If it does occur, what will its impact be on the project
objectives?
You get the answers by performing risk analysis.
There are two main forms of Risk Analysis:
1. Qualitative Risk Analysis &
2. Quantitative Risk Analysis
Qualitative Risk Analysis
This is used to prioritize risks by estimating the probability
of the occurrence of a risk and its impact on the project.
Quantitative Risk Analysis
This is used to perform numerical analysis to estimate the
effect of each identified risk on the overall project objectives
and deliverables.
Asked in Workplace Health and Safety, Example Sentences, The Difference Between
What is the difference between risk assessment and job safety analysis?

JSA is a careful study for each step in a job, identifying the
safety and health hazards at each step individually and classifying
the severity and probability (H,M,L) for each hazard, identifying
appropriate controls to eliminate or reduce each hazard.
Risk Assessment is evaluation of a hazard in an incident
potential matrix and determine relative risk of different hazards
as a way of prioritizing.