Video: Introduction to Module 4 – Fatality Prevention/Risk Management
To fully understand the importance of this module, we need to be clear about the differences between “hazards” and “risks”. A hazard is a source of potential damage, harm or adverse effect, including ill health and injury. A risk is the probability and severity of the damage, harm or adverse effect occurring. Risk management is the process of identifying safety and health hazards, evaluating associated risk and consequences, and developing controls to eliminate or minimize negative outcomes.