What Is Risk Assessment and Management

Risk assessment is a function within occupational safety and health (OSH) risk management that focuses on identifying potential hazards. The goal is to identify hazards, then analyze and evaluate the risks they create.

What is the difference between risk assessment and risk management?

Risk management is the macro-level process of assessing, analyzing, prioritizing, and making a strategy to mitigate threats to an organization’s assets and earnings. Risk assessment is a meso-level process within risk management. … Risk analysis is the micro-level process of measuring risks and their associated impact.

What is the importance of risk assessment and management in the workplace?

As you know, preventing injury in the workplace is the purpose of a risk assessment. It is there to help remove a hazard or reduce its level of injury risk by adding precautions or control measures. It identifies those hazards and what the best precautions or control measures are for the given situation.

Chloe Bennett

Chloe Bennett

Culture, Media & Entertainment Columnist

Chloe Bennett explores the intersection of pop culture, streaming entertainment, digital trends, and contemporary lifestyle. Her weekly commentary reaches thousands of culture enthusiasts.

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