What term describes a structured process to identify and assess hazards?

What term describes a structured process to identify and assess hazards?

21 Cards in this Set

ORM is a method to? identify hazards assess risks implement controls to reduce the risk
A structured process to identify and assess hazards. An expression of potential harm, discribed in terms of hazard severity, accident probability, and exposure to hazards. Risk Assessment

Which term most closely matches the description an expression of the risk associated with a hazard that combines its severity and probability into a single Arabic numeral which can be used to help determine hazard abatement priorities?

OPERATIONAL RISK MANAGEMENT (ORM)

Question Answer
What is an expression of the risk associated with a hazard that combines its severity and probability into a single Arabic numeral which can be used to help determine hazard abatement priorities? risk assessment code (RAC)

What is the ORM process?

The term operational risk management (ORM) is defined as a continual cyclic process which includes risk assessment, risk decision making, and implementation of risk controls, which results in acceptance, mitigation, or avoidance of risk.

What is the process of identifying a hazard?

Identify hazards and risk factors that have the potential to cause harm (hazard identification). Analyze and evaluate the risk associated with that hazard (risk analysis, and risk evaluation). Determine appropriate ways to eliminate the hazard, or control the risk when the hazard cannot be eliminated (risk control).

What are the 3 levels of ORM?

The three ORM levels are: deliberate, time-critical, and strategic. Deliberate ORM is the application of the complete process. It primarily uses experience and brainstorming to identify hazards and develop controls and is therefore most effective when done in a group.

Why is communication important for TCRM quizlet?

Why is communication important for TCRM? Provides a new perspective when dealing with potential risk and Provides shared knowledge of a situation.

What is the proper order of the five steps of ORM process?

What is the proper order of the five steps of the ORM process?

  • BAMCIS and ORM. • Risk management is the process of identifying and controlling hazards to.
  • Risk Management Steps. Decision-Making. Process.
  • Identify. Hazards.
  • Assess. Hazards.
  • Develop. Controls/Make.
  • Implement. Controls.
  • Supervise. and.
  • X. Begin Planning.

What are the 5 steps of the ORM process?

These five steps are:

  • Identify hazards.
  • Assess the hazards.
  • Make risk decisions.
  • Implement controls.
  • Supervise and watch for change.

What are the 4 principles of ORM?

Four Principles of ORM Accept risks when benefits outweigh costs. Accept no unnecessary risk. Anticipate and manage risk by planning. Make risk decisions at the right level.

What are the steps of hazard identification and management?

The four steps for managing WHS risks are:

  • Step 1 – Identify hazards. Find out what could cause harm.
  • Step 2 – Assess risks.
  • Step 3 – Control risks.
  • Step 4 – Review control measures.

What are the five steps of ORM?