Posts Tagged ‘What is Harm Hazard and Risk?’

What is Harm, Hazard and Risk?

Harm – Physical injury and/or damage to the health of people or damage to property or the environment.

 

Hazard – A possible source of harm

 

Risk – It is the combination of the probability of occurrence of harm and the severity of that harm. Risk has following three primary components:

  • A hazard
  • Probability of the hazard occurring (likelihood)
  • Potential impact of that hazard (severity).