Risk ManagementRisk Assessment

With the risk assessment process, users analyze organizations to:

  • Determine the probability of each hazard occurring and how severe the consequences would be.
  • Decide what steps the organization can take to prevent these hazards from occurring or to control the risk.

It is important to note the difference between dangers and risks. A hazard is anything that can cause harm, including workplace accidents, emergencies, toxic chemicals, employee conflict, stress, and more. A risk, on the other hand, is the possibility of a hazard causing harm. As part of the risk assessment plan, hazards should be identified and the risk or probability of hazards occurring will then be calculated.

The goal of a risk assessment plan will vary from industry to industry, but overall, the goal is to help organizations prepare for and combat risk. Other objectives include:

Provide an analysis of possible threats.

Prevention of injury or illness.

Legal meeting requirements

Raise awareness of the dangers and risks.

Create an accurate inventory of available assets.

Justify the costs of managing risks.

Determination of the budget to remedy risks.

Understand the return on investment.

Companies must perform a risk assessment when:

Prior to the introduction of new processes or activities

Prior to introducing changes to existing processes or activities (such as changing machinery)

 When the company identifies a new hazard.

The steps used in risk assessment form an integral part of your organization’s health and safety management plan and ensure that your organization is prepared to handle any risk.

As a first step in the risk management process, the scope of the assessment, the necessary resources, the stakeholders involved, and the laws and regulations that you must follow (including technical standards, manufacturer directions, and the like) should be determined.

I will try to summarize the process in 5 stages

1. Identification of hazards.

The first step in creating the risk assessment plan is to determine which ones your employees and your business face, including:

Natural disasters (floods, tornadoes, hurricanes, earthquakes, fires, biological (pandemics, food poisoning and disease, etc.)

Work-related accidents (slips and trips, transport accidents, structural failures, mechanical failures, etc.)

Human actions out of context (labor strikes, protests, bomb threats, theft, arson, etc.)

Technological hazards (loss of Internet connection, power outage, lack of energy supplies, etc.)

Chemical hazards.

Dangers to psychological stability.

Interruptions in the supply chain.

Include all aspects of the operation, including remote workers and non-routine activities (with an emphasis on this), such as repair and maintenance. You should also consult accident / incident reports to determine what risks have affected your company and other companies in your business in the past.

2. Determine who could be harmed and how

Reflect on how your employees could be harmed by business activities or external factors. For each hazard you identify in step one, think about who will be harmed if the hazard occurs.

3. Evaluate the risks and take precautions.

Now that you have compiled a list of potential hazards, you should consider how likely the hazard is to occur and how serious the consequences will be if that hazard occurs. This assessment will help you determine where you should reduce the level of risk and which hazards you should prioritize first.

4. Record your findings

If you have more than five employees, the law in Europe requires you to write your risk assessment process. Your plan should include the hazards you have encountered, the people they affect, and how you plan to mitigate them. The record, or risk assessment plan, must show that you:

Conducted proper verification of your workspace

I determine who would be affected

I control and face dangers.

I determine precautionary measures to keep risks under control.

I inform the personnel involved in the process

5. Frequently review the Risk assessment and update if necessary

Your workplace is always changing, the technique, the experience in processes and Safety, the mechanical stability of the equipment, facilities and machinery, so the risks for your organization also change.

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