Risk Assessment

Qualitative Risk Assessment

How Risk Is Appraised?

In the estimation of risks, qualitative risk assessment is beneficial for any organization or institution as it delivers real-time benefits by prevention through a third eye, in simple few steps awareness and proactive thinking can reduce risks, employers can prevent incident break out.

 Every organization has an existing framework of conducting the risk assessment of the project and reviewing of the safety plan, is this plan continuously updating? are its adequacy and efficiency checks done on regular basis? you need to redo the assessment to ensure your provisions are in line with the new legislation & continuously evolving process plant. In addition, every time your business changes in terms of premises, business activity or process even staff, you should undertake a revision of the assessment.

Approach Summary

Our friendly advisory support & safety experts will help you to understand and comply with all the legal requirements, along with all other relevant national and international latest emerging legislation. Qualitative risk assessment is all about simplifying understanding of risk and hazard to ensure continuous engagement of stakeholders for efficient and establishing evolving sustainable work practice.

Risk assessment requires you to examine both your premises and your work practice to assess the risk they pose, it is an opportunity to examine how your business could be improved as in the important exercise of reducing or eliminating risk. Risk assessment gives an insight, that you may discover underused parts of your premises or work practice that can be reviewed, not only to ensure the safety of your staff but also potentially improve productivity too.

Why Risk Assessment?

A detailed risk assessment for both your premises and business practice is required to draw up safety policies and procedures best suited. It’s important to explore modern means of protection system in the industry making our processes, premises, operations, and workforce safer. Is detection system adequate, does the detection system positioned correctly, some very basic system sometimes give more proactive protection, each facility quantity and quantum of risk differ?

Like any risk assessment, the qualitative assessment begins with obtaining information on risk factors, followed by risk classification in terms like "acceptable" or "unacceptable" or classifications such as "low", "medium", "high". Once seen as a risk for assets with a high risk will take mitigation measures. These measures are based on a hierarchy of business activities and their associated risks.

The qualitative assessment does not require determining the likelihood of data, only estimates of potential losses. Some related items are discussed in this approach.

• Threats - what can go wrong or attack the system such as fires or fraud. They are present in any system.
• Vulnerabilities - make the system more prone to attacks or the attacks may have more success and greater impact. For example, if fire, the presence of flammable materials is a vulnerability.
• Controls - are counter-measures vulnerabilities and their effects may be manifested in the following forms:
• Preventive controls protect against vulnerabilities and attacks can cause failure or reduce their impact;
• Corrective controls reduce the effect of attacks;
• Detective controls discover attacks and trigger preventative or corrective controls. 

After identification, the risks can be grouped by importance and likely to occur and represented in a matrix.

Organizing Risk in Two Criterial

1. Level of Risk
2. Degree of Probability

Risk assessment involves: 

• Looking for the hazards;
• Deciding who might be harmed and how;
• Evaluating the risks and deciding whether the existing precautions are adequate or whether more should be done;
• Recording your findings and telling your employees about them; and
• Reviewing your assessment and revising it if necessary, for example:
• If the work changes significantly;
• If there is an accident; or
• When someone returns to work after sickness or injury, or suffers a change in their health, that could affect or be affected by their work.

(HSE-RM Solution Service Index for Risk Assessment)

Informal Risk Assessment Techniques & Tools 

• Stop-Look-Analyze-Manage (SLAM)
• Job Safety Analysis (JSA)
• Workplace Risk Assessment and Control (WRAC)
• Preliminary Hazard Analysis (PHA)
• Failure modes and effects analysis (FMEA) and failure modes and effects and criticality analysis (FMECA)
• Fault / Logic Tree Analysis (FTA/LTA) and Event / Decision Tree Analysis (ETA/DTA)
• Hazard and Operability Studies (HAZOP)
• Bow Tie Analysis (BTA)
• Structured “What-if” Technique (SWIFT)
• Business impact analysis (BIA)
• Root cause analysis (RCA)
• Cause-consequence analysis
• Cause-and-effect analysis
• Layers of protection analysis (LOPA)
• Safety integrity level (SIL)
• Decision tree analysis
• Reliability centered maintenance,
• Sneak analysis (SA) and sneak circuit analysis (SCI),
• Markov analysis,
• (HIRA) Hazard Identification and Risk Assessment
• Hazardous Area Classification (HAC)

Regular update and perception analysis of collective data can enhance protection, response, institutional real time assessment, monitoring, and adaptation. Our Advisory Team & Associate partners have developed a digital system of OSH Management to assist the organization in achieving such goals.

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