Risk Assessment Process
1
Identify Hazards
Look for anything that may cause harm. This includes physical, chemical, biological, ergonomic, and psychosocial hazards.
2
Identify Who Might Be Harmed
Consider employees, contractors, visitors, customers, or members of the public who could be affected by the hazards.
3
Evaluate Risks
Assess the likelihood and severity of harm from each hazard. Use the risk matrix to determine risk level.
4
Record Findings
Document significant hazards, who might be harmed, and what controls are already in place.
5
Implement Controls
Put in place measures to eliminate or reduce risks. Follow the hierarchy of controls for effective risk management.
6
Review and Update
Regularly review your assessment and update it when necessary, especially after incidents or significant changes.
Risk Assessment Matrix
Severity / Consequence → | Likelihood / Probability ↓
Minor
Moderate
Significant
Major
Rare
Low
Low
Medium
Medium
Unlikely
Low
Medium
Medium
High
Possible
Medium
Medium
High
High
Likely
Medium
High
High
Very High
Almost Certain
High
High
Very High
Very High
Consequence / Severity →
Likelihood / Probability ↓
