Figure 1: Risk Matrix. |
This form of a risk assessment requires a multiplication of the Likelihood against the Consequence which explains how to calculate and achieve a rating from the risk matrix.
"Taking a likelihood of 4, which is classified as Probable, and multiplying this against a consequence of 2, which is classified as a Minor Injury 1st aid required, would give you and overall risk rating of 8, which would be risk rated as a low risk." - (On Safe Lines, 2012)
The next form of a Risk Management is this, a risk assessment. This risk assessment looks at all of the possible risks that could occur during an event. This risk assessment depicts slippages as a risk that was thought serious enough to be assessed, to come up with an approachable solution/prevention method.
Figure 2: Risk Assessment. |
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