Health and Safety Risk Management

Question: Discuss about the Health and Safety Risk Management. Answer: Introduction It is important to access the risks that are associated with an organization to accesses the internal and external environment. Every reputed organization needs to use the risk assessment tools in order to improve the health and safety measures. The purpose of this assignment is to explain and discuss the risk assessment tools along with the ways they can be applied in practice. Methods and Tools for Risk Management The hazard identification is one of the most important steps that are needed for providing occupational safety within an organization. The primary aim of the identification tool is to discover the generic hazards and provide healthy environment within the workplace. The probability and the impact assessment for investigating the occurrence of risks can help in the matter of identifying the effects of a risky situation (Martinez et al. 2014). The probability and the impact matrix tool help in the matter of rating the risk on the basis of quantitative analysis. The rules of rating the risk can vary with the health and safety measures taken by an organization. There is also the tool of risk categorization, which helps to categorize the risks according to their origin and therefore help in the matter of quick response action. The risk urgency assessment tool can contribute to judging the urgency level of the risk that can be combined with the risk ranking tool. This tool helps the organization to assess the urgency level of a hazardous situation (Deveney and Beyer 2014). The tool of quantitative risk analysis includes the sensitivity analysis that helps to identify the risk with worst effect and thereby help the organization to provide adequate health safety measures. The expected monetary value analysis helps to develop the statistical analysis of during the time of occurrence of any future risks. Discussions of the tools The risk categorization tool is one of the primary techniques that can be used by an organization to manage and equate the situations that are associated with the occurrence of the risks. The company can compile the past incidences that can help in the manner of dealing with the risks that can occur in the future of the company. Using this tool the company can categorize the risks into three different types. This tool can be applied during the intial stage, when it is difficult to make plan for certain risks. The internal risks that can occur due to incidences within the organization and thus can be controlled by the managers of organization and thus help to create a healthy environment within the workplace. The internal risks can occur due to the misconduct of the employees of the organization. There need to be strict protocol within the company to deal with the consequence of internal risks. The strategic risks that can occur due to the action were taken by the organization to improve the work condition of the organization. Lastly the external risks, under which there can be wide variety of conditions. The impact of natural and man-made disasters all comes within this category. It is challenging for the company to deal with the external risks as most of the time they are hard to be predicted, and there are no exact protocols to deal with these external risks (Reinhold, Jrvis and Tint 2015). The probability and impact matrix tool can be used in the prioritizing risk on the matter of degree of risk that is involved in a particular activity. This tool uses the combination of impact and probability factors that can be used to prioritize the risk that is associated with any of the given conditions in the workplace. A matrix is being used in the as a table format to describe the impact scale of the risk. This matrix can be applied during the time when two or more external factors are responsible for the risk that is occurring. The sensitivity analysis tool can help in the matter of determining of how difficult a situation is depending on the matter of variables that are involved in the risks. This tool also helps to establish relationship between the variables that of a situation. This tool is applied when organization is not able to access the hazard that is involved with a risky situation. Explanation of the Assessment Tool The categorization of the risk is the primary and most essential part of the risk assessment tool that can be applied in a situation of an organization. The intervention to minimize the effects of the risks can be applied on the basis of type of risks, which is internal, external or strategic. With the help of accurate intervention technique, an organization can prepare health and safety protocol. As this tool can help in finding accurate intervention techniques, this is one the widely accepted tool of acceptance (Kuempel, Geraci. and Schulte 2012). The probability matrix tool can be applied in the depending on the chance of its occurrence. The table of the matrix that is divided depending upon the probability of the occurrence of the risk and also on the impact of the risk. The impact can be divided on the scale of minor, moderate, major and extreme. The organization needs to maximum effort for the extreme risks that can disrupt the health and safety environment of the workplace (Paris et al. 2013). The managers of an organization can help to deal with the risky situations, using the previously gained experience under the same situation. The tool of the risk assessment needs to be used in proper manner that will help optimize the healthy situation of the workplace. Training and Instruction for applying risk assessment The organization needs to have proper training and instruction for the workers that can help the workers to apply the risk assessment tools, which help in the manner of ensuring healthy environments in the workplace. The organization also needs to have both and practical modes of training that can attract the workers to minimize the effects of risk. Every organization also need to access the internal and external situation that will help to deal with the risk depending upon its nature and origin. The assessment of the level of the risk using the probability matrix scale can help in the matter of judging the impact level of the risk. As the awareness level of the workers is increased, it will help the workers according to the demand of the situation (Li 2014). Reference Deveney, M. and Beyer, K., 2014. 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