Risk Assessment 045
Risk Assessment 045 : A systematic and structured process whereby hazards present in a workplace, or arising from workplace activity, are identified; risks are evaluated; and protective and preventive measures, including procedures and practices, are put in place to reduce risks to acceptable levels. This risk-assessment process can range from qualitative, where the risk estimates and reduction opportunities are based on the judgment and experience of knowledgeable persons, to semi-quantitative, where estimates of accident/release probabilities and population are also included, to full quantitative, involving detailed failure scenarios and probabilities, meteorological data, dispersion analyses and fatality estimation
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