Risk is defined as the likelihood and consequence of injury or harm occurring.
A risk assessment is a process which helps to develop understanding and awareness about hazards and risks to allow for decisions to be taken regarding their control. Risk assessments help in establishing the levels of harm that can occur, how the harm can occur and the likelihood of the harm occurring. In workplaces, the control of risks is often done using hierarchy model which includes the elimination of risks, substitution, engineering controls, administrative controls, and personal protective equipment (PPE).
Risk management, therefore, can be defined as the culture, structures, resources, and processes which are focused on the successful management of potential opportunities and adverse effects. It is the way in which risks and are controlled and managed in the workplace in order to keep workers safe.
