The term "initial risk level" refers to the preliminary assessment of potential hazards based on factors such as likelihood and impact before any mitigation measures are applied. It serves as a baseline for understanding the severity of a hazard and helps in prioritizing risk management efforts. This assessment can inform decision-making processes in emergency planning and resource allocation. Ultimately, it guides organizations in addressing vulnerabilities and enhancing safety protocols.
Initial risk refers to the level of risk associated with a project, investment, or decision at the outset, before any risk management strategies are implemented. It encompasses potential threats and uncertainties that could impact outcomes or objectives. Understanding initial risk helps organizations identify areas that need attention and develop strategies to mitigate potential adverse effects.
severity, exposure, and probability
Severity, Exposure, and Probability.
reduction
Residual risk level refers to the remaining risk associated with a hazard after all feasible control measures and mitigation strategies have been implemented. It represents the likelihood and potential impact of a hazard occurring, even after efforts to minimize it. Understanding residual risk is crucial for effective risk management, as it helps organizations assess whether additional measures are needed to ensure safety and compliance. Ultimately, it informs decision-making and prioritizes resource allocation for risk reduction.
The risk for a hazard before controls are put in place
Hazards pose a very high risk to a mission.
Initial risk refers to the level of risk associated with a project, investment, or decision at the outset, before any risk management strategies are implemented. It encompasses potential threats and uncertainties that could impact outcomes or objectives. Understanding initial risk helps organizations identify areas that need attention and develop strategies to mitigate potential adverse effects.
Use the highest residual risk of all the identified hazards.
high risk
Estimate the probability and severity and then determine the risk level using the risk assessment matrix
Estimate the probability and severity and then determine the risk level using the risk assessment matrix
real time risk management is used for?
real time risk management is used for?
reduction
reduction
in assessing hazards which elements make up the cross matrix comparison to determine a risk level