What forms are used to evaluate risk assessment?
1. Qualitative Risk Assessment:
a. Risk Matrix: A matrix that assigns different levels of risk based on the likelihood and impact of a hazard.
b. Risk Register: A list of identified risks, their likelihood and impact, and recommended mitigation strategies.
2. Quantitative Risk Assessment:
a. Failure Mode and Effects Analysis (FMEA): Analyzes potential failures of a system or process and their effects.
b. Event Tree Analysis (ETA): Graphically depicts possible sequences of events leading to a specific hazardous event.
c. Fault Tree Analysis (FTA): Logically breaks down a hazardous event into its contributing factors.
d. Markov Analysis: Models the probability of transitions between different states of a system over time.
e. Monte Carlo Simulation: Generates multiple iterations of a risk assessment model using random variables to account for uncertainty.
3. Semi-Quantitative Risk Assessment:
a. Risk Scoring: Assigns numerical values to risk factors to calculate an overall risk score.
b. Risk Ranking: Ranks identified risks based on their risk scores to prioritize mitigation efforts.
4. Comparative Risk Assessment:
Compares the risks associated with different alternatives or options to make informed decisions.
5. Social Impact Assessment:
Evaluates the potential social and economic consequences of a hazardous event or risk scenario.
These forms and methods are used to evaluate risk assessment in various industries, projects, and domains to identify, analyze, and manage potential hazards and risks.