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Hazard: The potential to cause harm, including ill-health, physical injury, damage to plant, equipment, property or the environment. Risk: The likelihood that a specified undesired event will occur due to the realization of a hazard by or during work activities, or by products and services created by work activities. Risk is expressed as: Hazard Severity x Likelihood of Occurrence Risk Assessment Matrix:
Low
Medium
High
Unlikely 2 Likely 3
For above Rating: 1. Low 2. Medium 3. High Risk Rating (R) = 1 and 2 = 3 and 4 = 6 and 9 =SXL