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Author Question: What is risk analysis? How is it used? What will be an ideal ... (Read 12 times)

stock

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on: Jul 26, 2018
What is risk analysis? How is it used?
 
  What will be an ideal response?

Question 2

Explain the rationale for investigating accidents.
 
  What will be an ideal response?


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perkiness

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Reply #1 on: Jul 26, 2018
Answer to Question 1

Risk analysis is an analytical methodology normally associated with insurance and investments. However, risk analysis can be used to analyze the workplace, identify hazards, and develop strategies for overcoming these hazards. The risk analysis process focuses on two key questions:
(i) How frequently does a given event occur?
(ii) How severe are the consequences of a given event?

Answer to Question 2

A comprehensive accident report can help construction professionals pinpoint the cause of the accident. This information can then be used to prevent future accidents, which is the primary purpose of accident investigation.


stock

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Reply 2 on: Jul 26, 2018
Thanks for the timely response, appreciate it

phuda

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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