Advantages of the Risk Priority Assessment

Question

Write a short note on the advantages of the Risk Priority Assessment?

Answer 1

This is mainly based on national experiential data thus it consists of real relevance in a broad range of workplaces. This is as well based on existing and familiar methodologies therefore it could be state to be tried and tested to the some extent. The technique is as well relatively simple, following the step by step process, and only very fundamental calculations are needed.

Thus it is probable that the ranking could be commenced without the requirement for extensive knowledge or competency in the risk management theories and applications. This as well reflects the broad range of accident risks that might be present in numerous working environments and permits them to be ranked and compared in a fair, unbiased and the systematic fashion.