What does hazard mean?
“hazard” means a source of or exposure to danger
What is risk?
The possibility of harm
Official Definitions:
• means the probability that injury or damage will occur
• OHSA 93 of 2004
• means the likelihood that occupational injury or harm to
persons will occur
• MHSA 29 of 1996
• the effect of uncertainty on objectives
• ISO 31000 Risk Management
• (Here it is defined as either positive or negative)
How do you remove hazards?
• Infinite amount of money required to remove all
hazards
• Some hazards you can’t remove
• Shut down all industry
• Can be argued that the hazards of industrialisation outweigh the hazards of non-industrialization
• Hazard only MIGHT harm you
What is the zero harm policy?
A level of acceptable risk is always implied
What is “acceptable risk”?
How is risk described?
Using probability
How does the perception of risk differ?
From person to person
What is risk assessment?
Risk Level = Consequence x Probability
What is the difference between consequence and probability?
Consequence • Number of people who would die • Cost of incident • Cost of loss income • Economic Impact
Probability
• % Chance of happening in a year
• How many years it takes to happen ( 1 in 20 year event)
• Uncertainty of prediction
What is by no means scientific or comprehensive?
Industry experience?
How does one mitigate risks?
• Attempt bring either the consequence, or the probability, or preferably both, down
What is maintenance strategy similar to?
Risk management