Risk management is a process that involves risk identification.
This is achieved by the use of techniques such as
List the considerations that risks should be evaluated against
Give examples of economic risk considerations
Give examples of social risk considerations
Give examples of legal consideration for risk evaluation
List the Risk control strategies
available
List the two types of risk retention
- risk retention without knowledge
Selecting Risk Controls
some of the important risk reduction methods can be outlined below as:
What is a Cost-Benefit Analysis (CBA).
Cost Benefit Analysis is a relatively simple and widely-used technique for deciding whether to make change. As its name suggests, to use the technique, simply add up the value of the benefits of a course of action, and subtract the costs associated with it.
To undertake a cost/benefit analysis, the following questions must be addressed:
Thought should also be given to the benefits
These range in nature and description, but may include:
List Workplace Precautions
Categories of Control Measures include
What is a permit to work system
A permit-to-work system is a formal written system used to control certain types of work that are potentially hazardous
List the requirements for a permit to work system
When to use a Permit To Work?
Permit systems should be:
List the Roles within permit-to-work systems
Originator Permit user Permit authorizer Issuing authority Performing authority Area authority Site checker Isolating authority
List the possible headings for a permit to work
List the Choice of Control Measures
Explain ‘So far as is reasonably practicable
Explain ‘So far as is practicable
So far as is practicable, without the qualifying word ‘reasonably’, implies a stricter standard. This term generally embraces whatever is technically possible in the light of current knowledge, which the person concerned had or ought to have had at the time.
The cost, time and trouble involved are not to be taken into account
Explain Best practicable
The meaning of best practicable means can vary depending on its context, and ultimately it is for the courts to decide.
Where the law prescribes that ‘best practicable means’ should be employed, it is usual for the regulating authority to indicate its view of what is practicable in notes or even agreements with particular firms or industries
Define Safe Systems of Work
A safe system of work can be defined as “the integration of personnel, articles and substances in a suitable environment and workplace to produce and maintain an acceptable standard of safety