Gerard Hand MSc CMIOSH MIIRSM Vice-President IOSH East Anglia Branch 06.05.

2011

Sensible Risk Management The Pragmatic Approach

What is Real Risk

Two Types of Risk: Pure Risk These are risks that can only have a
negative outcome and give rise to losses of some kind

Speculative Risk These are risks that can have

both positive and negative outcomes, producing gains as well as losses, e.g. investing in the stock market

Health and safety tends to be exclusively Pure Risks e.g. they lead to accidents, fires or damage

Risk Assessment
Identifying the hazard, the hazardous event , the likelihood of the hazardous event occurring and what the consequence would be. Assessing the acceptability or unacceptability of the risk Implementing control measures to mitigate the risk as appropriate

HSE Five Steps to RA

Step 1 Identify the hazards Step 2 Decide who might be harmed and how Step 3 Evaluate the risks and decide on precautions Step 4 Record your findings and implement them Step 5 Review your assessment and update if necessary

IOSH Managing Safely

make a list of the work tasks that are your responsibility
identify the risks - what are the hazards, who might be harmed and how?

estimate the risk

evaluate the risk

record your findings

review your findings.

Evaluate the risks and decide on precautions

FORESEEABLE or WORSE CASE SCENARIO?

How do we Assess?
Need to know what is meant by:
Hazard / Consequence

Risk Risk Control

Risk

=
Hazard / Consequence

X
Likelihood

BUT You might die???????

East Anglia Branch - Handicap Hurdle

Horse One Form P.U.P.U

Horse Two

Form P.0.0.P.

Horse Three

Form 1.2.3.0

Horse Four

Form 3.2.1.2.

Horse Five

Form 1.1.1.1.

Normal Expectation for Horse 1

Normal Expectation for Horse 5

But Sometimes??? The Result

1st 2nd

Horse Number One 200/1 Horse Number Five 2/1 fav

Always Bet on the Favourite

Risk Assessments should mirror the obvious choice.

No legal expectations to expect the unforeseeable

THANK YOU