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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).
The Haddon Matrix is the most commonly used paradigm in the injury prevention field. Developed by William Haddon in 1970, the matrix looks at factors related to personal attributes, vector or agent attributes and environmental attributes; before, during and after an injury or death. By utilizing this framework, one can then think about ...
When used as part of an aviation hazard analysis, "Severity" describes the outcome (the degree of loss or harm) that results from an occurrence (an aircraft accident or incident). When categorized, severity categories must be mutually exclusive such that every occurrence has one, and only one, severity category associated with it.
Statements which correspond to related hazards are grouped together by code number, so the numbering is not consecutive. The code is used for reference purposes, for example to help with translations, but it is the actual phrase which should appear on labels and safety data sheets. [4]
A key risk indicator (KRI) is a measure used in management to indicate how risky an activity is.Key risk indicators are metrics used by organizations to provide an early signal of increasing risk exposures in various areas of the enterprise.
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Hoshin Kanri (Japanese: 方針管理, "policy management") [1] is a 7-step process used in strategic planning in which strategic goals are communicated throughout the company and then put into action. [2] [3] The Hoshin Kanri strategic planning system originated from post-war Japan, but has since spread to the U.S. and around the world.
If you’re stuck on today’s Wordle answer, we’re here to help—but beware of spoilers for Wordle 1262 ahead. Let's start with a few hints.