The 5 Main Steps Of Risk Assessment

The 5 Main Steps Of Risk Assessment

Whether you are conducting a security risk assessment for the first time or updating an existing one, there are some main steps to take. These steps are important because they help you to identify hazards and implement effective controls to reduce risk.

Determine what type of risks you have:

The first step is to determine what type of risks you have. Some hazards are associated with a single task, while others are more complicated. The level of detail in the risk assessment should be proportionate to the nature of the risk. You should also identify who is at risk. This includes full-time employees, contractors and contract staff, members of the public, trainees, and even new and expectant mothers.

Record the findings of the risk assessment:

Another step is to record the findings of the risk assessment. This is not an exhaustive exercise, but it does help to record the main points. This record can then be used in a subsequent review of your working practices. It also helps to provide evidence in the event of an accident.

Determine the adequacy of your current controls:

The next step in the risk assessment process is to determine the adequacy of your current controls. You can do this by assessing your processes and equipment and determining whether they are effective. For example, if you have faulty electrical equipment, you may need to replace it. The risk assessment should also account for new equipment and machinery that may be used in your workplace.

Create a risk treatment plan:

The final step is to create a risk treatment plan. This document should contain your most important risks and outline what you will do to reduce them. In addition to identifying and implementing controls, you may want to perform effective health and safety training. This can also help you to ensure that your employees understand what you are doing to protect them.

Create a risk matrix:

As part of the risk assessment process, you may also wish to create a risk matrix. This is a chart that can help you determine the likely impact on your business. You can also use this chart to prioritize your risks. This can also help you to determine the best way to prevent the hazard from causing damage.