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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).
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.
For example, if employees must work high above the ground, the hazard can be eliminated by moving the piece they are working on to ground level to eliminate the need to work at heights. However, often elimination of the hazard is not possible because the task explicitly involves handling a hazardous agent.
i CORPORATE DISCLOSURE Pursuant to Fed. R. App. P. 26.1, amici curiae Senator John McCain, Senator Lindsey Graham, and Senator Kelly Ayotte submit the follow-
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.
A job-exposure matrix (JEM) is a tool used to assess exposure to potential health hazards in occupational epidemiological studies.. Essentially, a JEM comprises a list of levels of exposure to a variety of harmful (or potentially harmful) agents for selected occupational titles.
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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 .