Posts tagged "Risk"

Hazard assessment, Risk assessment and Risk analysis

Risk Assessment : An identification of what within your work or workplace, which may have the potential to cause harm to people or workers, so that you can consider whether you have provided sufficient precautions or need to do more to prevent harm.

Risk analysis : Risk analysis is the process of defining and analyzing the dangers to individuals, businesses and government agencies posed by potential natural and human-caused adverse events. In IT, a risk analysis report can be used to align technology-related objectives with a company’s business objectives. A risk analysis report can be either quantitative or qualitative.

In quantitative risk analysis, an attempt is made to numerically determine the probabilities of various adverse events and the likely extent of the losses if a particular event takes place.

Qualitative risk analysis, which is used more often, does not involve numerical probabilities or predictions of loss. Instead, the qualitative method involves defining the various threats, determining the extent of vulnerabilities and devising countermeasures should an attack occur.

Hazardous Assessment : A hazard assessment is an evaluation of a work place, or work situation, as to the potential for hazards that an employee may encounter while performing the job.

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Posted by Hrformats - October 15, 2011 at 5:22 AM

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