68671
Description
Flashcards by Sami-Jaine, updated more than 1 year ago
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Created by Sami-Jaine
over 11 years ago
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| Question | Answer |
| A hazard describes... | a property or situation that in particular circumstances could lead to harm. |
| A risk defines: | the probability that and adverse situation could occur in a give period of time |
| Risk Assessment is defined as a study of decisions to uncertain consequences. It involves 5 stages... | 1. identification of risks 2. identification of outcomes 3. estimation of magnitude of consequences 4. estimation of probability of outcomes 5. assessing the significance of risk |
| Risk Management is defined as... | linking risk estimation and evaluation to implementation of decisions to minimise risk. |
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