Risk vs Risks

| May 12, 2014

In the April 2014 issue of the Synergist, AIHA published an article I wrote entitled Risk vs. Risks – Risk Assessment Lessons from Weather Forecasting. This article discusses the three different but related concepts that individuals associate with the term risk:

  1. Probability – What is the risk?
  2. Relevance – Is the risk important to me?
  3. Significance – How much do I care about the risk?

It is difficult to draft requirements related to risk –  as we are attempting to do in ISO 45001 – when there is a lack of clarity and consensus about what the word “risk” means.

Click here if you would like to read this article.

Have thoughts about this topic?  You can comment below.

Category: ISO 45001, Risk Management

Comments (0)

Trackback URL | Comments RSS Feed

There are no comments yet. Why not be the first to speak your mind.

Comments are closed.