Risk Assessment 029
Risk Assessment 029 : A five-step process comprised of: (1) Identification of undesired events. (2) Analysis of the mechanisms by which undesired events could occur. (3) Consideration of the extent of any harmful effects. (4) Consideration of the likelihood of the undesired events and the likelihood of specific detrimental outcomes. Likelihood may be expressed as probability or frequency. (5) Judgements about the significance of the identified hazards and estimated risks. (Royal Society Study Group 1983)
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