Hazard and Risk 20
Hazard and Risk 20 : Assessment Techniques: General Terminology: (1) Loss Prevention: A systematic approach to preventing accidents or minimising their effects. The activities may be associated with financial loss or safety issues and will often include many of the techniques defined in this report. (2) Hazard Analysis: The identification of undesired events that lead to the materialisation of a hazard, the analysis of the mechanisms by which these undesired events could occur and usually the estimation of the extent, magnitude and likelihood of any harmful effects. (3) Risk Assessment: The quantitative evaluation of the likelihood of undesired events and the likelihood of harm or damage being caused together with the value judgements made concerning the significance of the results. (4) Hazard Survey: The total effort involved in an assessment of the hazards from an installation and their means of control. (5) Residual Risk: Is the remaining risk after all proposed improvements to the facility under study have been made? (6) Safety Case: The presentation of a justification for the safety of an installation. (N.B. use in connection with CIMAH Regulations). (7) Safety Audit: A critical examination of all, or part, of a total operating system with relevance to safety.
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