Risk Assessment and Management

Risk assessment is the determination of quantitative or qualitative value of risk related 
to a concrete situation and a recognized threat (also called hazard). Quantitative risk assessment requires calculations of two components of risk (R): the 
magnitude of the potential loss (L), and the probability (p) that the loss will occur. 
Acceptable risk is a risk that is understood and tolerated usually because the cost or 
difficulty of implementing an effective countermeasure for the associated vulnerability 
exceeds the expectation of loss.

Course Objectives
Understand risk assessment.Understand risk management.Explore how to carry out risk assessment.Explore how to carry out risk management.Recognize the impact and probability of risk.

Personnel involved in implementation of OHSAS management system.Production / services managers.Occupation health and safety auditor.Occupation health and safety auditor.Internal auditors.

3 Day – 18 hours 

CODE  M/517