Risk Assessment and Management Flashcards
6 cards from real ASP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Risk Assessment and Management flashcards as text
What is the purpose of a preliminary hazard analysis (PHA)?
Answer: To identify potential hazards early in the design or planning stage before detailed analysis
A PHA identifies potential hazards and their consequences early in development, allowing risk reduction from the start.
What is the difference between qualitative and quantitative risk assessment?
Answer: Qualitative uses descriptive categories while quantitative uses numerical values to express risk levels
Qualitative uses descriptive categories; quantitative assigns numerical probability and consequence values.
What is the concept of 'risk appetite' in organizational risk management?
Answer: The level of risk an organization is willing to accept in pursuit of its objectives
Risk appetite is the amount and type of risk an organization is willing to pursue or retain to achieve objectives.
What role does exposure assessment play in occupational risk management?
Answer: Evaluates the magnitude, frequency, and duration of worker contact with specific hazards
Exposure assessment determines the extent of worker contact with hazards: how much, how often, and for how long.
What is a risk register and what information does it typically contain?
Answer: A comprehensive document listing identified risks with their assessment, controls, ownership, and status
A risk register records all identified risks, their assessment, existing controls, additional actions needed, responsible persons, and review status.
What is event tree analysis and when is it used?
Answer: A forward-looking technique that traces possible outcomes from an initiating event through success/failure branches
Event tree analysis traces forward from an initiating event through barriers, branching at each into success or failure paths.