harm they could cause, in order to implement control measures to mitigate those risks. It involves analyzing the likelihood and severity of negative impacts and is a crucial part of risk management for ensuring safety and security.
Hazard identification: Finding things, situations, or processes that have the potential to cause harm.
Risk analysis: Evaluating
the likelihood of harm occurring and the severity of the potential
consequences.
Prioritization: Determining
which risks are most significant and require immediate attention.
Control measures: Developing
and implementing strategies to eliminate or control the identified risks.
Documentation: Recording the
findings and the mitigation strategies put in place.
