The document describes a risk ranking and hazard identification process. It provides a risk score calculation as the probability of an event multiplied by its consequence severity level. Probability is ranked on a scale of 1 to 5 from improbable to frequent. Severity is ranked on a scale of 1 to 5 from negligible to catastrophic based on potential consequences like deaths, environmental damage, or financial loss. The methodology allows identification and analysis of risks.
The document describes a risk ranking and hazard identification process. It provides a risk score calculation as the probability of an event multiplied by its consequence severity level. Probability is ranked on a scale of 1 to 5 from improbable to frequent. Severity is ranked on a scale of 1 to 5 from negligible to catastrophic based on potential consequences like deaths, environmental damage, or financial loss. The methodology allows identification and analysis of risks.
The document describes a risk ranking and hazard identification process. It provides a risk score calculation as the probability of an event multiplied by its consequence severity level. Probability is ranked on a scale of 1 to 5 from improbable to frequent. Severity is ranked on a scale of 1 to 5 from negligible to catastrophic based on potential consequences like deaths, environmental damage, or financial loss. The methodology allows identification and analysis of risks.
5 - Catastrophic release of site, huge financial loss.
Lost time icident, permanent/partial disability, non permanent environmental damage,
4 - Major high financial loss. Medical treatment required/work restriction, high financial loss, on site release 3 - Moderate contained with outside assistance
2 - Minor First aid treatment, on site release immediately contained medium financial loss
1 - Negligible No affecting work performance, No injury, low financial loss.