Identify the difference between risk and hazard in a setting

Difference Between Hazard and Risk Many people interchange hazard and risk on a daily basis. Unfortunately they are actually two different concepts. The difference may not be as much as an issue for the everyday conversation, but when it comes to risk assessment and control, it is extremely important.

Identify the difference between risk and hazard in a setting

Additional Resources All facilities face a certain level of risk associated with various threats. These threats may be the result of natural eventsaccidentsor intentional acts to cause harm. Regardless of the nature of the threat, facility owners have a responsibility to limit or manage risks from these threats to the extent possible.

An Interagency Security Committee Standard which states, "Risk is a function of the values of threat, consequence, and vulnerability. The objective of risk management is to create a level of protection that mitigates vulnerabilities to threats and the potential consequences, thereby reducing risk to an acceptable level.

A variety of mathematical models are available to calculate risk and to illustrate the impact of increasing protective measures on the risk equation. Threat Assessment Figure 1. A threat assessment considers the full spectrum of threats i. The ISC standard only addresses man-made threats, but individual agencies are free to expand upon the threats they consider.

The purpose of ISO 31000

The assessment should examine supporting information to evaluate the relative likelihood of occurrence for each threat.

For natural threats, historical data concerning frequency of occurrence for given natural disasters such as tornadoes, hurricanes, floods, fire, or earthquakes can be used to determine the credibility of the given threat. For criminal threats, the crime rates in the surrounding area provide a good indicator of the type of criminal activity that may threaten the facility.

For example, a facility that utilizes heavy industrial machinery will be at higher risk for serious or life-threatening job related accidents than a typical office building. For terrorist threats, the attractiveness of the facility as a target is a primary consideration. In addition, the type of terrorist act may vary based on the potential adversary and the method of attack most likely to be successful for a given scenario.

For example, a terrorist wishing to strike against the federal government may be more likely to attack a large federal building than to attack a multi-tenant office building containing a large number of commercial tenants and a few government tenants. However, if security at the large federal building makes mounting a successful attack too difficult, the terrorist may be diverted to a nearby facility that may not be as attractive from an occupancy perspective, but has a higher probability of success due to the absence of adequate security.

In general, the likelihood of terrorist attacks cannot be quantified statistically since terrorism is, by its very nature random. Specific definitions are important to quantify the level of each threat. The more specific the definition, the more consistent the assessments will be especially if the assessments are being performed by a large number of assessors.

Example assessments are provided below: There are aggressors who utilize this tactic who are known to be targeting this facility or the organization. There is a history of this type of activity in the area and this facility is a known target.

Identify the difference between risk and hazard in a setting

Specific threats have been received or identified by law enforcement agencies. Events of this nature occur in the immediate vicinity on a frequent basis. There are aggressors who utilize this tactic who are known to target this type of facility. No specific threat has been received or identified by law enforcement agencies.

Events of this nature occur in the immediate vicinity periodically i.

Identify the difference between risk and hazard in a setting

There are aggressors who utilize this tactic, but they are not known to target this type of facility. There is a history of this type of activity in the area, but this facility has not been a target. Events of this nature occur in the region on a sporadic basis.

Exposure assessment - Wikipedia

No aggressors who utilize this tactic are identified for this facility and there is no history of this type of activity at the facility or the neighboring area.

There is no history of this type of event in the area. Vulnerability Assessment Once the plausible threats are identified, a vulnerability assessment must be performed. Impact of loss is the degree to which the mission of the agency is impaired by a successful attack from the given threat.

A key component of the vulnerability assessment is properly defining the ratings for impact of loss and vulnerability.One of the key concepts in competing risks analysis is the distinction between competing risk events and censoring.

Its major advantage in a competing risks setting is that, unlike the cause-specific hazard, it has a one-to-one correspondence to the cumulative incidence of the event of interest.

When there was a difference in the hazard. About Threat and Hazard Identification and Risk Assessment The Threat and Hazard Identification and Risk Assessment (THIRA) is a three-step risk assessment process that helps communities answer the following questions. The Health and Safety Executive’s Five steps to risk assessment Step 1: Identify the hazards it will help you identify the best way of managing the risk.

That doesn’t mean listing everyone by name, but rather organise work to reduce exposure to the hazard (eg put barriers between . Fire Risk Assessment Overview.

From 1st October The Regulatory Reform (Fire Safety) Order requires the Responsible Person (RP) of any non domestic premises to carry out a fire risk assessment, including measures to reduce or eliminate the risk of fire, and identify persons at risk.

Where there are 5 or more employees, a record must be kept of significant findings and a definition of.

Data Summary

The combination of hazard evaluation and risk analysis is an organized effort to pinpoint weaknesses in the design and operation of facilities that could lead to accidental or .

Nov 04,  · The terms Hazard and Risk are often used interchangeably but this simple example explains the difference between the two. If there was a spill of water in a room then that water would present a slipping hazard to persons passing through heartoftexashop.com: Resolved.

Hazard and Risk