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Risk Word Files

Risk assessment is a step in the risk management process. Risk assessment is measuring two quantities of the risk R, the magnitude of the potential loss L, and the probability p that the loss will occur.

Ri = Lip(Li)

Rtotal = Lip(Li)
i

Risk assessment may be the most important step in the risk management process, and may also be the most difficult and prone to error. Once risks have been identified and assessed, the steps to properly deal with them are much more programmatical.

Part of the difficulty of risk management is that measurement of both of the quantities in which risk assessment is concerned can be very difficult itself. Uncertainty in the measurement is often large in both cases. Also, risk management would be simpler if a single metric could embody all of the information in the measurement. However, since two quantities are being measured, this is not possible. A risk with a large potential loss and a low probability of occurring must be treated differently than one with a low potential loss but a high likelihood of occurring. In theory both are of nearly equal priority in dealing with first, but in practice it can be very difficult to manage when faced with the scarcity of resources, especially time, in which to conduct the risk management process.

 

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Risk assesment for Condensers
Risk assesment for Condensers

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Risk assesment for Controller units & panels general
Risk assesment for Controller units & panels general

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Risk assesment for Cooling towers
Risk assesment for Cooling towers

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Risk assesment for Dock Leveller. Scissor Lift
Risk assesment for Dock Leveller. Scissor Lift

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Risk assesment for Doors Fold. Slide (Mechanical)
Risk assesment for Doors Fold. Slide (Mechanical)

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Risk assesment for Ducktwork - Inspection & Cleaning
Risk assesment for Ducktwork - Inspection & Cleaning

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Risk assesment for Fans. Extract General
Risk assesment for Fans. Extract General

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Risk assesment for Fire Alarm Systems
Risk assesment for Fire Alarm Systems

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Risk assesment for Fire Shutters
Risk assesment for Fire Shutters

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Risk assesment for Fuel Oil Burners Boilers
Risk assesment for Fuel Oil Burners Boilers

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Risk assesment for Gas Biolers Flues and Associated Pipework
Risk assesment for Gas Biolers Flues and Associated Pipework

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Risk assesment for General Electrical Equipment (D.B. Boards and Socket Outlets)
Risk assesment for General Electrical Equipment (D.B. Boards and Socket Outlets)

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Risk assesment for Generators
Risk assesment for Generators

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Risk assesment for heaters & associated pumps & pipework
Risk assesment for heaters & associated pumps & pipework

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Risk assesment for Humidifiers
Risk assesment for Humidifiers

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Risk assesment for Lift rooms (Plantroom)
Risk assesment for Lift rooms (Plantroom)

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Risk assesment for Maintenace of Boiler Houses and Associated Plant
Risk assesment for Maintenace of Boiler Houses and Associated Plant

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Risk assesment for Maintenance of Packaged Chiller Units
Risk assesment for Maintenance of Packaged Chiller Units

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Risk assesment for Motors (General)
Risk assesment for Motors (General)

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Risk assesment for Portable Equipment (Test. Inspection)
Risk assesment for Portable Equipment (Test. Inspection)

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Risk assesment for Pumps all types
Risk assesment for Pumps all types

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Risk assesment for Roller shutter doors (Mechanical)
Risk assesment for Roller shutter doors (Mechanical)

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Risk assesment for Roof access
Risk assesment for Roof access

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Risk assesment for Room Air Conditioners
Risk assesment for UPS (Lighting)Room Air Conditioners

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Risk assesment for Room and Unit Heaters (Electric)
Risk assesment for Room and Unit Heaters (Electric)

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Risk assesment for Room and Unit Heaters (Gas)
Risk assesment for Room and Unit Heaters (Gas)

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Risk assesment for Sanitary Equipment
Risk assesment for Sanitary Equipment

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Risk assesment for Sensors - Smoke & Temerature types
Risk assesment for Sensors - Smoke & Temerature types

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Risk assesment for Sewage and Drainage Pumps
Risk assesment for Sewage and Drainage Pumps

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Risk assesment for Sewage and Drainage Pumps
Risk assesment for Sewage and Drainage Pumps

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