Risks are evaluated in terms of which of the following?

The evaluation of risks is most effectively characterized by frequency, severity, and probability. This framework helps in understanding the overall risk associated with a particular hazard.

Frequency refers to how often a specific incident or hazard is likely to occur. This factor is crucial as it helps in identifying which risks are more imminent and need immediate attention.

Severity assesses the potential consequences if the hazard were to occur. Understanding the severity allows safety officers to prioritize risks that could have grave outcomes over those that are less significant.

Probability combines frequency and severity to provide a comprehensive assessment of how likely it is that a harmful event will occur and how much damage it could cause if it does. By evaluating these three components together, safety officers can make informed decisions on which risks to mitigate, implement preventative measures, and allocate resources effectively to minimize potential harm.

This systematic approach to risk evaluation is fundamental in safety management, ensuring that the most critical risks are addressed and managed appropriately.