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RISK MANAGEMENT
METHODOLOGY
Risk Management
• IDENTIFY the hazards
• ASSESS the risks and available
control measures
• MANAGE the risk
– CONTROL the risks through
implementation of appropriate control
measures
– MONITOR the controls to evaluate their
effectiveness
– Communication of Risks & Controls
The Risk Management Process
• Hazard Identification
The potential to cause harm. Harm including ill
health and injury, damage to property, plant,
products or the environment, production losses or
increased liabilities.
• Assessing the Risk
Risk is the likelihood or probability that a person
will be harmed or experience adverse health effects if
exposed to a hazard or that property will be damaged
or lost.
• Risk = Severity x Likelihood
Recording the Risk Assessment
Controlling Risk
Some measures are : ( from most to least preferred )
• Elimination – eliminate the hazard from the
workplace
• Substitution - substituting a hazardous substance or
process with a less hazardous one.
• Engineering controls - installing machine guarding
or enclosing a noisy machine.
• Administrative controls - applying a permit-to-work
system or lock-out and tag-out procedures.
• PPE - provision and use of these equipment, AND
• SWP – Safe Work Procedures
Summary
Recording the significant findings of the risk
assessment.
• What the task is
• Who is responsible/supervisor
• Where the risk assessment applies, who is
affected
• List of hazards
• List of precautions
• Details of safe working procedures
• Emergency procedures
• Reference to other associated risk assessments
i.e. COSHH, manual handling, PPE etc.
KUUG 2015
SAFETY CONSULTANTS AND
ENGINEERS

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RISK MANAGEMENT.pptx

  • 2. Risk Management • IDENTIFY the hazards • ASSESS the risks and available control measures • MANAGE the risk – CONTROL the risks through implementation of appropriate control measures – MONITOR the controls to evaluate their effectiveness – Communication of Risks & Controls
  • 3. The Risk Management Process • Hazard Identification The potential to cause harm. Harm including ill health and injury, damage to property, plant, products or the environment, production losses or increased liabilities. • Assessing the Risk Risk is the likelihood or probability that a person will be harmed or experience adverse health effects if exposed to a hazard or that property will be damaged or lost. • Risk = Severity x Likelihood
  • 4. Recording the Risk Assessment
  • 5. Controlling Risk Some measures are : ( from most to least preferred ) • Elimination – eliminate the hazard from the workplace • Substitution - substituting a hazardous substance or process with a less hazardous one. • Engineering controls - installing machine guarding or enclosing a noisy machine. • Administrative controls - applying a permit-to-work system or lock-out and tag-out procedures. • PPE - provision and use of these equipment, AND • SWP – Safe Work Procedures
  • 6. Summary Recording the significant findings of the risk assessment. • What the task is • Who is responsible/supervisor • Where the risk assessment applies, who is affected • List of hazards • List of precautions • Details of safe working procedures • Emergency procedures • Reference to other associated risk assessments i.e. COSHH, manual handling, PPE etc.