Six Stages of Risk Assessment Reviews The Foundations of Risk Management




Six Stages of Risk Assessment Reviews The Foundations of Risk Management

Introduction to Risk Assessment Reviews

Risk assessment reviews are purely a close inspection of the things, undertaken in the activity of a process or task, which have the potential to cause harm to individuals, this allows business owners, business managers or others with responsibility for risk management, to judge if provision for suitable preventative measures have been implemented or the business requires additional appropriate measures to eliminate as far as reasonably possible injury or death to an individual.

Employees and individuals who interact with a business have the right to be shielded from danger due the inappropriate control of harmful activities tasks undertaken by a business.

Injuries and illness make individuals suffer during their working lives and can have long lasting effects long after they have finished their working careers. Businesses also suffer from a reduction in capacity, equipment loss, additional insurance premiums, and regulatory enforcement.

Businesses and organisations are required by law to review the identified appropriate risks in the working environment, so that a scheme to manage these risks can be documented, resourced, implemented and maintained.

Identification and Ranking of Risks in the Working Environment

The six stages below should be considered to assist in defining the hazard ranking.

  1. Assess the activities and tasks undertaken within a process to identify the hazards, these steps within it such as the way in which a piece of equipment must be used such as x-ray or the use of chemicals.
  2. Assess the existing Control Strategy, these are the measures already in place (if any) to prevent Injuries and illness to individuals associated with already identified hazards and potentially newly identified hazards. These control measures may reduce the likelihood of a given identified hazard therefore having the effect of reducing the risk rating and in turn the priority level. However the controls strategies need to be appropriate and where possible tested to ensure they are workable in the time of emergency and are robust enough to prevent Injuries and illness. If the risk increases due to process changes the Control Strategy will need review periodically to ensure continued suitability. articles 1
  3. Decide the Severity Score of the hazard in terms of the worst case Injuries and illness an individual could obtain undertaking an activity or task. Scores provided in table.articles 3
  4. Decide the Likelihood Score of the hazard in terms of the possibility of an event happening to an individual associated with a hazard which causes Injuries and illness. Remember existing credible control strategies might reduce the likelihood of an event occurring.  Likewise if the risk increases due to process changes the control strategy will need review periodically to ensure continued suitability.  Scores provided in table.
  5. To obtain the Risk Rating multiply the 2 scores obtained from both the Severity Score and the Likelihood Score together. The higher the Risk Rating obtained the higher the priority level of the identified risk. Below is a table which provides a cross reference between the Risk Rating obtained and the assigned Priority Level.
  6. Remember to review risk assessments on a regular basis to ensure currency and adequacy against the actual risks in the working environment.Remember to review risk assessments on a regular basis to ensure currency and adequacy against the actual risks in the working environment.To obtain the Hazard Ranking, Rank in order of the Priority level obtained. articles 4Directors and management of a business or organisation are advised to give high priority to these hazards. Consideration should be given to whether the activities or tasks undertaken by individuals employed or associated with the business or organisation can be ceased to eliminate the risk altogether or at worst additional or an improved  control strategy could be resourced and implemented to reduce and mitigate the likelihood of an event occurring.

Risk Management further reading.

Risk assessments are the foundations on which risk management us built, risk assessments can form part of a departmental risk register to which departmental risk registers form part of the top level business risk register. Future articles on this subject will discuss these topics in more detail.

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