The main principle in risk management involves several steps:

1. Hazard Identification: This is the first step in risk management. It involves identifying potential hazards that could cause harm. Hazards can be anything that has the potential to cause harm.

2. Risk Assessment: After identifying potential hazards, the next step is to assess the risks associated with each hazard. This involves determining the likelihood of the hazard causing harm and the severity of that harm.

3. Risk Control: This is the process of implementing measures to eliminate or reduce the risk of hazards causing harm. This can involve a variety of strategies, including eliminating the hazard, substituting the hazard with a less risky option, isolating the hazard, using engineering controls, implementing administrative controls, and using personal protective equipment.

Therefore, all answers are correct as they are all integral parts of the main principle in risk management.

Question

The main principle in risk management involves several steps:

1. Hazard Identification: This is the first step in risk management. It involves identifying potential hazards that could cause harm. Hazards can be anything that has the potential to cause harm.

2. Risk Assessment: After identifying potential hazards, the next step is to assess the risks associated with each hazard. This involves determining the likelihood of the hazard causing harm and the severity of that harm.

3. Risk Control: This is the process of implementing measures to eliminate or reduce the risk of hazards causing harm. This can involve a variety of strategies, including eliminating the hazard, substituting the hazard with a less risky option, isolating the hazard, using engineering controls, implementing administrative controls, and using personal protective equipment.

Therefore, all answers are correct as they are all integral parts of the main principle in risk management.

Knowee AI · Accepted Answer

The main principle in risk management involves several steps:

1. Hazard Identification: This is the first step in risk management. It involves identifying potential hazards that could cause harm. Hazards can be anything that has the potential to cause harm.

2. Risk Assessment: After identifying potential hazards, the next step is to assess the risks associated with each hazard. This involves determining the likelihood of the hazard causing harm and the severity of that harm.

3. Risk Control: This is the process of implementing measures to eliminate or reduce the risk of hazards causing harm. This can involve a variety of strategies, including eliminating the hazard, substituting the hazard with a less risky option, isolating the hazard, using engineering controls, implementing administrative controls, and using personal protective equipment.

Therefore, all answers are correct as they are all integral parts of the main principle in risk management.

What is the main principle in risk management? Hazard Identification All answers are correct Risk Assessment Risk Control

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What is the main principle in risk management?

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