A RISK is defined as “the likelihood of a particular hazard causing harm”. Examples of typical risks are as follows:
- A person falling from height
- Exposure to asbestos fibres
- A burn caused by a spillage of a chemical on to exposed skin
To differentiate between the severities of the identified risks, it is important to give them a risk rating. Some systems use complicated scoring systems, although this is not necessary and a simple ‘Low, Medium or High’ will usually suffice.
To assist you with this, consider the following:
LOW - Minor impact/damage quickly repaired
MEDIUM - Moderate impact/partial loss of operations
HIGH - Disaster/very serious consequences