Risk Assessment & Management Flashcards
6 cards from real SAP 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 & Management flashcards as text
What is the first step in SAP risk assessment?
Answer: Identifying potential hazards and threats
Risk assessment begins with systematic identification of all potential hazards, forming the foundation for all subsequent analysis.
What is the hierarchy of controls in SAP risk management?
Answer: Elimination, substitution, engineering, administrative, then PPE
The hierarchy prioritizes the most effective controls first, from eliminating the hazard to using PPE as last resort.
What is a risk matrix used for in SAP practice?
Answer: Evaluating risks by plotting likelihood against impact severity
A risk matrix plots probability against consequences to prioritize which risks need immediate attention.
What does residual risk mean in SAP practice?
Answer: Risk remaining after all controls are implemented
Residual risk is the level remaining after practical controls are applied. Some is usually accepted as eliminating all risk is rarely feasible.
Why is regular review important in SAP risk management?
Answer: Conditions change and new risks emerge requiring updates
Regular reviews ensure assessments remain current as conditions change and lessons from incidents are incorporated.
What is a near-miss report in SAP practice?
Answer: Documentation of an event that could have caused harm but did not
Near-miss reports document events where harm almost occurred, providing data to prevent future incidents.