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Risk assessment is the process of identifying hazards that could negatively affect an organizations ability to conduct business. These assessments help identify inherent business risks and prompt measures, processes and controls to reduce the impact of these risks on business operations.
You can use a risk assessment template to help you keep a simple record of: who might be harmed and how. what youre already doing to control the risks. what further action you need to take to control the risks. who needs to carry out the action. when the action is needed by.
What Types of Risk Assessments Are There? Quantitative risk assessments. Qualitative risk assessments. Semi-quantitative risk assessments. Asset-based risk assessments. Vulnerability-based risk assessments. Threat-based risk assessments.
The main purpose of risk assessments are: To identify health and safety hazards and evaluate the risks presented within the workplace. To evaluate the effectiveness and suitability of existing control measures.
Record your findings. If you have more than five employees in your office, you are required by law to write down your risk assessment process. Your plan should include the hazards youve found, the people they affect, and how you plan to mitigate them.

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2. Steps needed to manage risk Identify hazards. Assess the risks. Control the risks. Record your findings. Review the controls.
Must be completed before experimentation; recommended for all projects. May be required for projects involving Human Participants, Hazardous Chemicals, Materials or Devices or Potentially Hazardous Biological Agents.
Risk Assessment Document (DVR) - This is a document in which all risks to workers health and safety are identified and assessed. The preparation and updating of the DVR is a specific legal obligation for all companies with at least one employee.

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