Management Systems questions with answers
Which system has as its primary functions to identify hazardous conditions,
assess their risk and establish effective risk control measures? - CORRECT
ANSWERS ✔✔Loss control
Risk - CORRECT ANSWERS ✔✔The combination of the severity of a define
exposure with its frequency of occurrence. The technique that effectively
decreases a project's schedule risk without increasing the overall risk is to
incorporate slack time into the projects's critical path schedule early in project
planning.
Hazard - CORRECT ANSWERS ✔✔Any real or potential condition that can
cause injury, illness, or death to personnel; damage to or loss of a system,
equipment or property; or damage to the environment. A potentially unsafe
condition resulting from failures, malfunctions, external events, errors, or a
combination thereof. A condition, set of circumstances or inherent property
that can cause injury, illness or death.
Probability - CORRECT ANSWERS ✔✔The likelihood of a hazard causing an
incident or exposure that could result in harm or damage for a selected unit of
time, events, population, items, or activities being considered.
Severity - CORRECT ANSWERS ✔✔The extent of harm or damage that could
result from a hazard related to incident or exposures.
,Risk analysis - CORRECT ANSWERS ✔✔The process of identifying safety risk.
This involves identifying hazards that present mishap risk with an assessment
of the risk.
Risk assessment - CORRECT ANSWERS ✔✔The process of determining the
risk presented by the identified hazards. This involves evaluating the identified
hazard casual factors and then characterizing the risk as the product of the
hazard severity times the hazard probability.
Safety - CORRECT ANSWERS ✔✔Freedom from those conditions that can
cause death, injury, occupational illness, damage to or loss of equipment or
property, or damage to the environment. The ability of a system to exclude
certain undesired events (i.e. mishaps) during stated operation under stated
conditions for a stated time. The ability of a system or product to operate with a
known and accepted level of mishap risk. A built-in system characteristic.
Exposure - CORRECT ANSWERS ✔✔Contact with or proximity to a hazard,
taking into account duration and intensity.
Root Cause Analysis (RCA) - CORRECT ANSWERS ✔✔Process of identifying
the basic lowest level causal factors for an event. Usually the event is an
undesired event, such as a hazard or mishap.
Risk Communication - CORRECT ANSWERS ✔✔The interactive process of
exchanging risk information and opinions among stakeholders.
, Risk management - CORRECT ANSWERS ✔✔The process by which assessed
risks are mitigated, minimized, or controlled through engineering,
management, or operational means. This involved the optimal allocation of
available resources in support of safety, performance, cost, and schedule.
Unacceptable risk - CORRECT ANSWERS ✔✔That risk that cannot be
tolerated.
Acceptable Risk - CORRECT ANSWERS ✔✔That part of identified mishap
risk that is allowed to persist without taking further engineering or
management action to eliminate or reduce the risk, based on knowledge and
decision making. The system user consciously exposed to this risk. A risk level
achieved after risk reduction measures have been applied. It is a risk level that
is accepted for a given task (hazardous situation) or hazard. For the purpose of
this standard, the terms "acceptable risk" and "tolerable risk" are considered to
be synonymous.
Accepted risk - CORRECT ANSWERS ✔✔Accepted risk has two parts: (1) risk
that is knowingly understood and accepted by the system developer or user
and (2) risk that is not known or understood and is accepted by default.
Residual risk - CORRECT ANSWERS ✔✔Overall risk remaining after system
safety mitigation efforts have been fully implemented. It is, according to MIL-
STD-882D, "the remaining mishap risk that exists after all mitigation
techniques have been implemented or exhausted, in accordance with the
system safety design order of precedence." Residual risk is the sum of all risk
after mishap risk management has been applied, This is the total risk passed on
to the user.