Again, similar to step 1, this step contains three activities and is a critical area of the whole process

Having completed the Hazard Identification, MINC Risk Services is able to associate the type and level of Risk against each Hazard. Once the Risk Rating and Prioritising are complete, the client will have a very clear picture of which hazard needs attention first.

Step 2

1. Outlining the Risk requires MINC Risk Services staff to look at the application to the hazard and identify specific risks associated with that application. Refer to the examples below from a SWMS prepared for a project. Once determined we are then ready to apply this knowledge to the next activities – Risk Rating and Prioritising. Note that we look not only at the physical risk but also the financial.

• Electric shock or death through electrocution if coming near or in contact with overhead lines
• Drowning, falls, slips, trips, electrocution
• Financial cost to due cutting of fibre optic cables and disruption to local businesses
• Financial cost to due breaking of water or sewerage pipes and disruption to local businesses
• Contact with moving machinery
• Accidental injury from contact with hand tools
• Trips, slips and falls

2. Whilst there are threee activities involved in this step, the process for establishing the Risk Rating and Priority requires a brief introduction

Risk Score Chart

The level of risk, or ‘risk rating’, is determined by the relationship between Likelihood and Consequence. This relationship can be represented using a matrix, as follows.

Determine the risk score for each risk by plotting consequence and likelihood estimates on the table above.

This stage of the risk assessment gives a basis for ranking risks in terms of their priorities. It is important to note that the risk scores obtained have no absolute value. This chart provides a means of ranking the risks ONLY.

The ratings (Very High to Low) in the risk priority chart indicate how important it is to do something about each risk, as follows:

Where there are a large number of hazards identified which offer a number of similar level risks, it may be necessary to apply further determinants to the equation to assist with the prioritisation and therefore order of actions. In this instance it is possible for MINC Risk Services to adopt as more mathematical basis to the assessment process. This process incorporates a tool commonly referred to as a Risk Score Calculator.

This method ties in three considerations to calculate the Risk Score:

• Probability
• Exposure
• Consequences

Under each of these considerations are a similar grouping of subsections as the chart below demonstrates

Remember, the risk scores are useful for comparison purposes only. When risk scores for all risks in the workplace are compared, the resulting ranking will be a guide to the order in which the risks should be addressed. The final decision must be determined at consultation between the client and MINC Risk Services auditor

The list and combination are extensive. With each combined service receive a minimum 10% discount off the total services fee.

MINC Risk Services look forward to helping answer your questions and developing your business to the new highs in the area of Health & Safety.