John Michael E Paraton

Chapter 5 Commitment to Safety

5.1 Safety Risk

The Concept of Safety
- the condition of being protected against physical, social, spiritual,
financial, political, emotional, occupational, psychological, educational or
other types or consequences of failure, damage, error, accidents,harm or any
other event which could be considered non-desirable. Safety can also be
defined to be the control of recognized hazards to achieve an acceptable
level of risk

Risk
- The potential of losing something of value. Values (such as physical
health, social status, emotional well-being or financial wealth) can be gained
or lost when taking risk resulting from a given action, activity and/or inaction,
foreseen or unforeseen.

Acceptability of Risk
- A decision to accept a risk. That level of residual risk that the
managing authority is willing to assume on behalf of the agency, users and
the public.