Risk Management Set (Guaranteed Pass!)

How is risk defined within Risk Management? correct answers Risk is defined as the possibility of loss or injury due to exposure to a hazard What is the first choice in the standard of order of precedence for RM controls? correct answers The standard order of precedence for controls is to first use design and engineering solutions to achieve minimum risk. Less desirable control options are to add safety devices, warming devices, or change procedures and training In the RM process, what action follows an evaluation? correct answers Action 3- Feedback Which of the following is a Risk Assessment pitfall? correct answers Over optimism: "It can't happen to us. We're already doing it." This pitfall results from not being totally honest and not looking for root causes of the hazards. Which of the following is a Risk Assessment pitfall? correct answers Misrepresentation: Individual perspectives may distort data. This can be deliberate or unconscious. Which of the following is a Risk Assessment pitfall? correct answers c. Alarmism: "The sky is falling" approach, or "worst case" estimates are used regardless of their possibility. Which of the following is a Risk Assessment pitfall? correct answers Indiscrimination: All data is given equal weight. Which of the following is a Risk Assessment pitfall? correct answers Prejudice: Subjectivity and/or hidden agendas are used instead of facts. Which of the following is a Risk Assessment pitfall? correct answers Inaccuracy: Bad or misunderstood data nullify accurate risk assessment. Which of the following is a Risk Assessment pitfall? correct answers Enumeration: It is difficult to assign a numerical value to human behavior. In the first step of the Risk Management Process Cycle, "Why" analysis is used in which action? correct answers Action 3- List Causes Develop controls is an action for which step in the RM process? correct answers Step 3 Within the RM process, which is a type of control can be applied to hazards to mitigate the risk? correct answers Engineering controls. Physical controls. Administrative controls. Educational controls. Operational controls.