Risk Assessment 2018-07-10T04:43:04+00:00

Risk Assessment

General Risk Assessment (RA)


Qualitative risk analysis is a project management technique concerned with discovering the probability of a risk event occurring and the impact the risk will have if it does occur. All risks have both probability and impact. Probability is the likelihood that a risk event will occur, and impact is the significance of the consequences of the risk event. Impact typically affects the following project elements: schedule, budget, resources, deliverables, costs, quality, scope, and performance.


A process for assigning a numeric value to the probability of loss based on known risks and available, objective data. Used to determine potential direct and indirect costs to the company based on values assigned to company assets and their exposure to risk. For example, the cost of replacing an asset, the cost of lost productivity, or the cost of diminished brand reputation.

Fire Risk Assessment (FRA)

A fire risk assessment is a process involving the systematic evaluation of the factors that determine the hazard from fire, the likelihood that there will be a fire and the consequences if one were to occur. There are both qualitative and quantitative methods of risk assessment that can be used.

Control of Substances Hazardous to Health (COSHH)

COSHH is the law that requires employers to control substances that are hazardous to health. You can prevent or reduce workers exposure to hazardous substances by: … providing monitoring and health surveillance in appropriate cases; planning for emergencies.

Ergonomic Risk Assessment

This observational approach often the most efficient method of gathering data on the stressors in the working environment, but the density of this data is limited. There is no measure of exposure, risk or any data that will provide a quantitative measure that can be tracked (i.e. improvement of process). The positive characteristics of this type of stressor identification process are the ease in which it is performed, the low cost of the assessment and quick turnaround times. A simple observation approach often can be used to feed a quick fix of an obvious ergonomics stressor. As the situation becomes more complicated, intricate or costly, the need for a more sophisticated approach may present itself.

Health Risk Assessment

A health risk assessment (HRA) is a health questionnaire, used to provide individuals with an evaluation of their health risks and quality of life. Commonly a HRA incorporates three key elements – an extended questionnaire, a risk calculation or score, and some form of feedback i.e. face-to-face with a health advisor or an automatic online report.

The main objectives of a HRA are to:

Assess health status
Estimate the level of health risk
Inform and provide feedback to participants to motivate behaviour change to reduce health risks

Job Safety Analysis (JSA) / Job Hazard Analysis (JHA)

JHA/ JSA is a qualitative method of assessing risks associated with a particular job in order to decide upon the precautions and contingency provisions that should be taken to reduce the risks. Although the exact format of the evaluation may differ from company to company, the general approach involves breaking the job of activity down into a number of logical steps to be taken to accomplish the task. For each step, a number of questions are asked in order to identify hazards, consequences and risks associated with that particular step and the precautions and contingency measures that can be taken.