Chapter 4 Flashcards
(28 cards)
Risk evaluation includes
Extent of risk reduction
Extent of benefits or opportunities created
Take into account risk evaluation criteria
Records
Maintenance schedule Incident reports Failure reports Injury records Equipment maintenance history Equipment policies and procedures
Risk evaluation criteria
Organizational policies, aims and objectives Regulations Australian standards Legislation Operating procedures and guidelines
Risk treatment options
Reduction
Acceptance
Finance
Transfer
Risk treatment plan
Implementing details Responsibilities Schedules Expected outcome Budgeting Performance measures Review process
Risk management plan
Objectives
Equipment and resources
Contingencies
Risk analysis
I like controlled risks
Identify
Likelihood
Consequences
Rate
Likelihood
5 almost certain - 1 rare
Consequences
A catastrophic - E insignificant
Sources of risk
Physical Chemical Environmental Financial Behavioral
Classification of risk: diseases
Affecting humans, animals and plants
Classification of risk: economic perils
Currency, interest rates, share market
Classification of risk: environmental
Noise, contamination, pollution
Classification of risk: financial
Funds, frauds, fines
Classification of risk: human perils
Explosions, riots, strikes
Classification of risk: natural perils
Weather conditions, natural disasters
Classification of risk: work health and safety
Poor safety management
Classification of risk: product liability
Design error
Classification of risk: professional liability
Wrong advice, negligence
Classification of risk: property damage
Fire, water damage, damage left from natural disasters
Classification of risk: public liability
Public access, egress and safety
Classification of risk: security
Vandalism, theft, illegal entry
Classification of risk: technology
Advances and failures of technology
Why is it important to document maintenance history
Enable people to review and assess the activity, equipment to be used and location of the session
