How to assess risk

If you do a good risk assessment, you will identify most kinds of incidents you need to be prepared for.

Assess risk in terms of:

  • probability of it happening, and
  • how much harm it would cause.

This fits on a graph like this:

Probability of occurrence

Very probable

     

Medium

     

Very improbable

     
   

Very little harm

Medium harm

Very serious harm

   

How much harm

 

This gives a risk rating. The example below is simple because it has only three levels of harm and probability:

  • Very low risk
  • Medium risk
  • Very high risk: requires urgent action.

In a diagram it looks like this

Probability of occurrence

Very probable

Medium risk

High risk

Very high risk

Medium

Low risk

Medium risk

High risk

Very improbable

Very low risk

Low risk

Medium risk

   

Very little harm

Medium harm

Very serious harm

   

How much harm

 

However, most risk diagrams have five levels of probability and five levels of harm.

So the diagram looks like this:

 

Very probably
(5)


Medium risk

Medium to high risk

High risk

High/Very high risk

Very high risk (25)

High probability
(4)

Low to medium risk

Medium risk

Medium to high risk

High risk

High/Very high

Medium probability
(3)

Low risk

Low to medium risk

Medium risk

Medium to high risk

High risk

Low probability
(2)

Low/very low risk

Low risk

Low to medium risk

Medium risk

Medium to high risk

Very low probability
(1)

Very low risk (1)

Low/very low risk

Low risk

Low to medium risk

Medium risk

 

Very little harm
(1)

Little harm
(2)

Medium harm
(3)

Serious harm
(4)

Very serious harm
(5)

 
  1. How much harm could each hazard cause? Rate it from 1 to 5.
  2. How probable is it that each one will actually happen? Rate it from 1 to 5.
  3. Calculate the risk. For each one, multiply harm and probability; that is, multiply scores from lines 1 and 2 above. This tells you how much risk.
    • A score of 1 indicates that the item is no risk; it either would cause no harm or won’t happen. You can ignore it.
    • A score of 25 indicates that the item is extreme risk; it will cause serious harm and will definitely happen sooner or later. (In fact, it probably already has happened.) It is a top priority.
    • A score of 5 – 20 indicates the level of risk. It will cause some harm and will probably happen sometime.
    • Risks rated 9 or above are mid to high risks. Make sure you have something in place for each one.
  4. You can then use those scores to decide what to do.

 

Example 1

Hazard: Slippery floor resulting from liquid spills

Score

Amount of harm:

Very serious (Serious falls, especially elderly people)

3

Probability:

Very probable

5

Risk level:

Medium risk

15

What to do: Mop up as much as possible, Put caution signs out until floor is dry.

 

Example 2

Hazard: Fatigue (Slow or incorrect responses when working on machinery could cause serious accident)

Score

Amount of harm:

Serious

4

Probability:

Low

2

Risk level:

High risk

8

What to do: Regularly rotate workers between jobs.

 

Example 3

Hazard: Attacked by little green men in flying saucers from Mars

Score

Amount of harm:

Very serious (planetary destruction)

5

Probability:

Zero

0

Risk level:

No risk

0

What to do: Nothing.

 

Example 4

Hazard: Slippery stairs could cause someone to slip and fall

Score

Amount of harm:

Medium (injuries)

3

Probability:

High probability

5

Risk level:

Medium to high risk

15

What to do: Put non-slip edges on stairs.

 

Yes, I'm ready to go on.

No, I need to reread it.