Risk Assessment

Why is risk assessment important?

Risk assessments are very important as they form an integral part of a good occupational health and safety management plan. They help to:

  • Create awareness of hazards and security risks.
  • Identify who may be at risk (employees, cleaners, visitors, contractors, the public, etc).
  • Determine if existing control measures are adequate or if more should be done.
  • Prevent injuries or illnesses when done at the design or planning stage.
  • Prioritize hazards and control measures.

Risk Assessment’s are a process of identifying potential hazards and analyze what could happen if a hazard occurs. A business impact analysis (BIA) is the process for determining the potential impacts resulting from the interruption of time sensitive or critical business processes.

What is the goal of risk assessment?

The aim of the risk assessment process is to remove a hazard or reduce the level of its risk by adding precautions or control measures, as necessary. By doing so, you have created a safer and healthier workplace. As we conduct our risk assessment, we look for vulnerabilities—weaknesses—that would make an asset more susceptible to damage from a hazard or security breach. Vulnerabilities include deficiencies in building construction, process systems, security, protection systems and loss prevention programs. They contribute to the severity of damage when an incident occurs. For example, a building without a fire sprinkler system could burn to the ground while a building with a properly designed, installed and maintained fire sprinkler system would suffer limited fire damage.

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