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Another definition of risk is "the probable frequency and probable magnitude of future losses". This definition also focuses on the probability of future loss whereby the degree of vulnerability to hazard represents the level of risk on a particular population or environment. The threats posed by a hazard are:
DANGER [signs] should not be used for property damage hazards unless personal injury risk appropriate to these levels is also involved." [1] OSHA 1910.145 Definition: "Shall be used in major hazard situations where an immediate hazard presents a threat of death or serious injury to employees. Danger tags shall be used only in these situations." [2]
R-phrases (short for risk phrases) are defined in Annex III of European Union Directive 67/548/EEC: Nature of special risks attributed to dangerous substances and preparations. The list was consolidated and republished in Directive 2001/59/EC, [ 1 ] where translations into other EU languages may be found.
Hazard statements are one of the key elements for the labelling of containers under the GHS, along with: [3] an identification of the product; one or more hazard pictograms (where necessary) a signal word – either Danger or Warning – where necessary
When used as part of an aviation hazard analysis, a "Likelihood" is a specific probability. It is the joint probability of a hazard occurring, that hazard causing or contributing to an aircraft accident or incident, and the resulting degree of loss or harm falling within one of the defined severity categories.
Firefighters are exposed to risks of fire and building collapse during their work.. In simple terms, risk is the possibility of something bad happening. [1] Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences. [2]
The outcome is the harm that results from an uncontrolled hazard. A risk is a combination of the probability that a particular outcome may occur and the severity of the harm involved. [108] "Hazard", "risk", and "outcome" are used in other fields to describe e.g., environmental damage or damage to equipment.
In hazard identification, sources of data on the risks associated with prospective hazards are identified. For instance, if a site is known to be contaminated with a variety of industrial pollutants , hazard identification will determine which of these chemicals could result in adverse human health effects, and what effects they could cause.