Risk Management, 9% Flashcards
What is the difference between risk estimation and risk evaluation?
Risk estimation attempts to quantify the risk.
Risk evaluation is a less qualifiable assessment of the amount of risk. (economic, social, and legal factors)
What are the Risk Management steps used in CSA Q850?
- Initiation
- Preliminary Analysis / Risk Identification
- Risk Estimation
- Risk Evaluation
- Risk Control
- Implementation and Action/Monitoring
What are discrete hazards and continuous hazards?
- Discrete Hazards
Something that is either present or absent from the exposed worker, such as an electrical fault or fire hazard.
Risks come from chances that the hazard contacts worker despite controls. - Continuous Hazards
Something that happens all the time (levels may vary), such as dusts and toxic environmental chemicals.
Risks are usually dose dependent.
What does IEDIM stand for?
Risk Management System:
Identify
Evaluate (risk)
Develop (plan)
Implement (plan)
Monitor (system)
When using the DNV IEDIM model for management systems, when are the types of plan? (Four Ts)
Terminate (risk avoidance)
Treat (risk reduction)
Tolerate (paying for risk, such as insurance)
Transfer
What is the Precautionary Principle?
A principle used when evidence is incomplete or contradictory.
- Assumes that risks are present/imminent.
- Assumes exposure to effects is likely to produce harmful effects.
- Assumes that the consequences would be serious.
What is the Sound Science Principle?
It emphasizes the need for scientific information to make decisions.
Often seen as the opposite of the Precautionary Principle.
What is the Weight of Evidence principle?
Using evidence from different sources to make an informed decision.
Similar to the Sound Science Principle.
What is the Reasonable Relationship Principle?
There should be a reasonable relationship between the cost of controls and the losses that are being avoided.
What is the difference between ALARA and ALARP?
ALARP, P = Practicable.
Instead of risk being as low as feasible, there is a balance between the cost of the safety controls and the losses being avoided.
Some risk may be determined to be acceptable.
What is a security license?
A license required to work as a security guard, concierge, bodyguard, bouncer.
Has power to arrest without warrant if someone is in possession of stolen property.
Can become a special constable with power to enforce specific statutes.
What is Risk Governance?
Risk Management to evaluate new technologies/hazards that may have global significance.
Attempts to define policy/regulations for risks extending beyond traditional governing structures.
Rick communication is an important part of risk governance.
