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Product safety/risk assessment (also known as product hazard analysis) can identify potential hazards and provide solutions early in the product life cycle to prevent products becoming stalled in production or recalled once they are released onto the market. During risk assessments for toys possible hazards and potential exposure are analyzed.
Risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events. [1] [2] The results of this process may be expressed in a quantitative or qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences. [1] [3]
The risk rating of the hazard prior to applying the control is known as the 'inherent risk rating'. The risk rating of the hazard with the control in place is known as the 'residual' risk rating. Risk, within the occupational health and safety sphere, is defined as the 'effect of uncertainties on objectives [8] '. In the context of rating a ...
FAA Order 8040.4 establishes FAA safety risk management policy. The FAA publishes a System Safety Handbook that provides a good overview of the system safety process used by the agency. IEEE 1584-2002 Standard which provides guidelines for doing arc flash hazard assessment.
Together with risk assessment and risk management, risk communication aims to reduce foodborne illnesses. Food safety risk communication is an obligatory activity for food safety authorities [70] in countries, which adopted the Agreement on the Application of Sanitary and Phytosanitary Measures. Risk communication also exists on a smaller scale.
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Risk control logically follows after hazard identification and risk assessment. [3] The most effective method for controlling a risk is to eliminate the hazard, but this is not always reasonably practicable. There is a recognised hierarchy of hazard controls which is listed in a generally descending order of effectiveness and preference: [3]