CRSP - Risk Management Latest Study Guide Exam Questions And Answers.

Cumulative Burden - correct answer expressed as the number of days lost due to accidents and sick days due to work-related illnesses Risk - correct answer the chance (probability) that someone or something will be adversely affected in a particular way by unintended exposure to the hazard the likelihood of death, injury or illness that could result from exposure to a hazard = frequency x severity Hazard - correct answer the inherent property of a substance, process, or activity that predisposes it to the potential causing harm or health, safety, or human welfare. Pure Risk - correct answer offers an organization an opportunity for only a loss, no gain. Risk Management - correct answer administrative and managerial function that results in planning, leading, organizing, and controlling the activities of the organization to minimize the effects of loss from the pure risks the organization may face in its day to day operation. Risk Controls - correct answer the methods and strategies an organization can use to protect itself from risk exposure and potential loss. difference between Hazard & Risk - correct answer condition or practice with the potential for accidental loss. vs the chance of loss when exposed to a hazard. Discrete hazards - correct answer those that are either present or absent from the exposed worker—such as electrical faults, unsafe mechanical devices, or fire hazards Core activities in the Risk Management Process - correct answer Risk Estimation: An attempt to quantify the amount of risk. Risk Evaluation: Addresses less quantifiable non-scientific aspects of the risk. Risk Control: Deals with the identification & selection of possible risk control options. Risk Communication: enabling the active informed participation of all concerned parties, including stakeholder consultation within the decision-making process. Four T's - correct answer Treat Tolerate (not accept) Transfer Terminate Incidence Rate - correct answer expressed as the frequency of reported injuries (or illnesses) within a specified number of workers Risk management - correct answer the concept of 'safety' in terms of risks to human health that are sufficiently small to be deemed 'acceptable' to the exposed individuals. Hazard defined - correct answer the inherent property of a substance, process, or activity that predisposes it to the potential for causing harm to health, safety or human welfare. Risk defined - correct answer the chance that someone or something will be adversely affected in a particular way by unintended exposure to the hazard. Risk estimation - correct answer attempts to quantify the amount of risk pertaining to a given health hazard, using scientific information on the nature of the hazard and analytical methods to calculate the estimated degree of risk in the exposed population. Risk evaluation - correct answer addresses less quantifiable non-scientific aspects of the risk problem—the economic, social, and legal factors. Risk control - correct answer Deals with the identification and selection of possible risk control options, and their appropriate means of implementation. the steps under Canadian Standards Association (CSA): CSA-Q850 risk management - correct answer Initiation Preliminary Analysis/ Hazard Identification Risk Estimation Risk Evaluation Risk Control Action / Monitoring the steps under Health Canada - Health Protection Branch: (HPB) Risk Determination - correct answer Hazard Identification Risk Estimation Development of Options Options Analysis Decision / Implementation Monitoring & Evaluating Review Risk Management Role - correct answer provide a framework for decision-making. This includes a method for prioritizing safety and health issues. Risk governance - correct answer This process attempts to define appropriate policy development and regulation for risks that extend outside of traditional governing structures. The application of risk management concepts to new technologies or hazards of global significance is called? - correct answer Risk Governance A risk management process - correct answer Ensures that appropriate steps are taken in all stages of the estimation, evaluation, and control phases. This includes an adequate investigation of causes and effects, control strategies, costs and that appropriate communication is conducted throughout the assessment. Likelihood - correct answer The frequency or probability over a period of time that an event may occur. In risk analysis, likelihood is defined differently for discrete hazards as opposed to continuous hazards Discrete hazards - correct answer usually defined as the probability (or likelihood) that a harmful incident might occur in the present workplace, keeping in mind existing control measures Continuous hazards - correct answer are those that occur all the time at varying levels of exposure dusts, toxic chemicals, noise levels, and radiation; are samples of - correct answer continuous hazards The consequences of discrete or continuous hazards exposure - correct answer the severity of adverse health effects to workers. Example a minor burn vs an extreme consequence such as a worker's death. Event Tree Analysis - correct answer The Event Tree is based on a single primary event that generates subsequent secondary and tertiary events. *looks at what lead to the event in multiple causes aspects. (like a tree with branches) The Risk Measurement Matrix -