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What is the difference between risk and exposure?
An exposure consist of the potential financial effect of an event multiplied by its probability of occurrence and risk is with probability of occurrence. Thus an exposure is a risk times its financial consequences.
In assessing hazards which elements make up the cross-matrix comparison to determine a risk level.?
severity, exposure, and probability
In assessing hazards which elements make up the cross-matrix comparison to determine a risk level?
Severity, Exposure, and Probability.
What are the three factors you should consider when assigning a risk level in the second step of the Six-Step process?
Probability, Severity, and Exposure
Is assessing hazards which elements make up the cross matrix comparison to determine a risk level?
reduction
When the result of the calculation using the Severity Probability Exposure (SPE) model approaches 100 what is the suggested guidance?
Discontinue, Stop! IAW; SPE Worksheet Aide (PDF File on Google)
In assessing hazard which elements make up the cross-matrix comparison to determines the risk level?
severity, exposure, and probability
In assessing hazards Which element make up the cross matrix comparison to determine a risk level?
Severity, Exposure, and Probability.
What is the difference between risk and exposure?
An exposure consist of the potential financial effect of an event multiplied by its probability of occurrence and risk is with probability of occurrence. Thus an exposure is a risk times its financial consequences.
What criteria do you use when assessing risk?
Exposure, severity, and probability.
Assessing a risk involves what?
Evaluating levels of exposure, severity, and probability for a hazard.
Which elements make up the cross matrix to determine a risk level?
severity, exposure and probability
Which elements make up the cross-matrix comparison to determine the risk?
severity, exposure and probability
Which elements make up the cross-matrix comparison to determin a risk level?
severity, exposure and probability
Which elements make up the cross-matrix comparison to determine a risk level?
severity, exposure and probability
What is odds ratio?
A crude odds ratio is the probability that a case preceeded the control in regard to exposure and history.
Which element make up the cross matrix comparison to determine risk level?
severity, exposure and probability
