Risk Assessment Cycle
Risk assessment is the determination of quantitative or qualitative value of risk related to a concrete situation and a recognized threat (also
called hazard) or dictionary definition for risk is possibility of suffering harm or loss; danger.
Scientists use the term risk when assessing potential
human health threats from exposure to chemicals or
pollutants in the environment. Risk is equal to a person's exposure
multiplied by the toxicity of the
chemical. Quantitative risk assessment requires
calculations of two components of risk (R), the magnitude of the potential loss (L), and the probability (p) that
the loss will occur. Acceptable
risk is a risk that is understood
and tolerated usually because the cost or difficulty of implementing an effective
countermeasure for the associated vulnerability exceeds the expectation of loss.
Risk Assessment
Risk assessment
consists of an objective evaluation of risk in which assumptions and
uncertainties are clearly considered and presented. Part of the difficulty in
risk management is that measurement of both of the quantities in which risk
assessment is concerned - potential loss and probability of occurrence - can be
very difficult to measure. The chance of error in measuring these two concepts
is large. Risk with a large potential loss and a low probability of occurring
is often treated differently from one with a low potential loss and a high likelihood
of occurring. In theory, both are of nearly equal priority, but in practice it
can be very difficult to manage when faced with the scarcity of resources,
especially time, in which to conduct the risk management process. The
nuclear, aerospace, oil, rail and military industries have a long history of
dealing with risk assessment. Also, medical, hospital, social service and food industries control
risks and perform risk assessments on a continual basis. Methods for assessment
of risk may differ between industries and whether it pertains to general
financial decisions or environmental, ecological, or public health risk
assessment.
In
food industry this methods are employed to calculate the risk in the
identification of hazards and the critical control points for the system
development in ISO 22000 or on the other words in HACCP system which is the
food safety assurance system within the ISO 22000 structure. Thus here is a
good reading to understand and how to carry out your Risk Assessment while you develop
the food safety system.
If you
need any help while conducting your risk assessments let me share your
thoughts, then I may be able to help you by offering you the advice or suggestions
according to the circumstances.
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