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Risk Assessment and Control Flashcards

6 cards from real ASP practice questions. Tap to flip, then mark Knew It or Still Learning โ€” missed cards come back until you master them.

Read the first 6 Risk Assessment and Control flashcards as text
  1. What is the difference between a hazard and a risk in safety management?

    Answer: A hazard is a source of potential harm while risk is the likelihood and severity of that harm occurring

    A hazard is anything with potential to cause harm; risk combines probability of exposure with potential severity.

  2. In a risk matrix, what does the intersection of 'high probability' and 'catastrophic severity' indicate?

    Answer: Unacceptable risk requiring immediate action

    High probability combined with catastrophic severity represents the highest level of risk, requiring immediate corrective action.

  3. What is a Failure Mode and Effects Analysis (FMEA)?

    Answer: A systematic method for identifying potential failure modes, their causes, and effects on system performance

    FMEA is a structured approach to identifying all possible ways a system could fail and analyzing the effects of each failure mode.

  4. What is the ALARP principle in risk management?

    Answer: As Low As Reasonably Practicable - reducing risk until further reduction is impractical relative to the benefit

    ALARP means reducing risks to a level where the cost of further reduction would be grossly disproportionate to the benefit gained.

  5. Which risk assessment technique uses structured 'what-if' questions to identify hazards in process operations?

    Answer: What-If/Checklist analysis

    What-If/Checklist analysis combines brainstorming 'what if' questions with structured checklists to identify process hazards.

  6. What is residual risk?

    Answer: The level of risk remaining after control measures have been implemented

    Residual risk is the risk remaining after all identified control measures have been applied.