Topic > Risk Management: Tools/Resources to Identify Potential…

A. Step 1: Identify Hazards: A hazard is a condition that has the potential to cause injury, illness, or death to personnel; damage or loss of personnel, equipment and property; or degradation of operations. A hazard can also be a situation or event that may result in degradation of capabilities or operational failure.1) Use the following tools/resources to identify potential hazards:• Experience and other experts.• Regulations and policies.• Assessment matrices of risk.• Preparedness assessments. • Cause and effect diagrams. • Analysis of change. .• Logic diagrams.• Training evaluations.• After-action reviews (AARs).B. Phase 2: Hazard Assessment: This process is systematic in nature and uses graphs, codes and numbers to present a methodology for assessing probability and severity to obtain a standardized risk level. The Five-Step Process (RM) is a method for expressing and representing a normally intuitive and experientially based thought process. 1) Hazards are assessed and risk is assigned in terms of the probability and severity of the negative impact of an event/occurrence. This step considers the risk or likelihood that an event or incident will adversely affect operations, capabilities, people, equipment, or property. “What are the chances (probability) of something going wrong, and what is the effect (severity) of the accident if it occurs?” 2) All participants must be aware of the following sub-steps involved in Hazard Assessment Phase 2:• Assess the probability of the event or occurrence.• Estimate the expected outcome or severity of an event or occurrence.• Determine the level of risk specified for a given probability and severity using the standard risk assessment matrix. (See figure 3). ...... middle of paper ......itions or events.2) Supervise: Supervision is a form of control measure. In stage 5 of (RM), supervision becomes an integral part of the process. Supervision ensures that subordinates understand how, when, and where controls are implemented. It also ensures that controls are implemented, monitored and remain in place. Situational awareness is a critical component of the (RM) process when identifying hazards. Situational awareness is equally important in supervision. It ensures that complacency, deviation from standards, or violations of risk policies and controls cannot threaten success. Present dangers can therefore be mitigated. Supervision and oversight provides supervisors/managers and department heads with the situational awareness needed to anticipate, identify, and evaluate any new hazards and to develop or modify controls as needed.