Risk management is the foundation of effective health and safety procedures. It is important to know how to identify hazards and risks in the workplace to ensure the safety of yourself and others.
One of the most important aspects in risk managment is knowing the difference between a hazard and a risk.
Hazard - any situation, substance, activity or environment that has the potential to cause harm.
Risk - is present when a person is within the vicinity of a hazard and is therefore exposed to the possibility of harm.
A risk, no matter how small, should never be ignored.
Another way to control risk is through the use of a flow chart, as it helps to assess the risk involved with a situation.