Risk – the likelihood that a particular choice or action might lead to a loss or damage.
Risk Assessment
An examination of the potential risks in the workplace, with the aim of assessing whether enough precautions have been put in place to prevent harm. A risk assessment focuses on the relationship between the worker, the work being carried out, the equipment being used and the conditions of the working environment.
Risk Management
The process of putting control measures into practice and monitoring the results, with the intention of reducing, or eliminating, the potential risks to health and safety.
