Hazard and Risk Analysis

Hazard and risk analysis is a process used to identify potential dangers (hazards) in a situation or environment and evaluate the likelihood and severity of harm they could cause. It helps organizations understand where problems might arise and prioritize safety measures. A hazard is anything with the potential to cause harm, like a loose electrical wire. Risk considers how likely that harm is to happen and how serious it would be. By analyzing hazards and their risks, steps can be taken to prevent accidents or reduce their impact, ensuring safer operations and environments.