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RISK DEFINITION

 Definition of a Risk:                                              
                                                                    



WHAT IS RISK?

Risk is a combination of the likelihood and consequence of a specified event occurring (to

determine how serious the HAZARD is- severity)

 

 

Likelihood: - Probability or chance that the hazardous situation will actually happen

1. Definitely – would certainly happen.

2. Very likely – could happen readily.

3. Likely – could happen normally.

4. Unlikely – could happen under certain circumstances

5. Highly unlikely – could happen but unlikely

Consequence: - Size or seriousness of harm

1. Fatality – would cause death.

2. Major harm – could cause permanent disabilities and long-term health problems to the

workers.

3. Medium harm – could cause injuries that the employee could recover from and would cause

health problems that could go on for a short while.

4. Minor harm – could cause discomfort and hurt.

5. Slight harm – would cause only bother or temporary irritation.



For the full definition visit Wikipedia


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