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Once a threat and/or vulnerability has been identified and assessed as having sufficient impact/likelihood on information assets, a mitigation plan can be enacted. The mitigation method is chosen largely depends on which of the seven information technology (IT) domains the threat and/or vulnerability resides in.
The Occupational Safety and Health Administration (OSHA) establishes enforceable standards to prevent workplace injuries and illnesses. [2] In the EU, a similar role is taken by EU-OSHA. Occupational hazard, as a term signifies both long-term and short-term risks associated with the workplace environment.
Factor analysis of information risk (FAIR) is a taxonomy of the factors that contribute to risk and how they affect each other. It is primarily concerned with establishing accurate probabilities for the frequency and magnitude of data loss events. It is not a methodology for performing an enterprise (or individual) risk assessment. [1]
The Occupational Safety and Health Administration ("OSHA") a department of the United States Department of Labor defines workplace violence as "any act or threat of physical violence, harassment, intimidation, or other threatening disruptive behavior that occurs at the work site. It ranges from threats and verbal abuse to physical assaults and ...
As a result, it is imperative that an employer address all the potential [risk] factors at the workplace and educate all employees in safe work practices and risk awareness. In order to perform adequate risk assessment of injuries that occur in the workplace, health and safety professionals use resources such as the Haddon Matrix. This model ...
Risk management is predicting and managing risks that could hinder the organization from reliably achieving its objectives under uncertainty. Compliance refers to adhering with the mandated boundaries (laws and regulations) and voluntary boundaries (company's policies, procedures, etc.).
Risk is the lack of certainty about the outcome of making a particular choice. Statistically, the level of downside risk can be calculated as the product of the probability that harm occurs (e.g., that an accident happens) multiplied by the severity of that harm (i.e., the average amount of harm or more conservatively the maximum credible amount of harm).
An SMS provides a systematic way to assess and improve prevention of workplace accidents and incidents based on structured management of workplace risks and hazards. It must be adaptable to changes in the organization's business and legislative requirements.