Risk Analysis Quiz

What is the purpose of a risk assessment?

• To ignore risks completely

• To increase the number of hazards

• To reduce the impact of hazards

• To identify potential risks in the workplace

What is the difference between a risk and a hazard?

• A risk is always physical, while a hazard is not

• A risk is always severe, while a hazard is not

• A risk is certain, while a hazard is uncertain

• A risk is the chance of harm, while a hazard is anything that may cause harm

What are some categories for potential risks in a project?

• Technical, Cost, Schedule

• Quality, Quantity, Time

• Safety, Security, Health

• People, Environment, Weather

What is the first step in a risk assessment?

• Review the assessment

• Identify the hazards

• Evaluate the risks

• Record the findings

What should be done in the third step of a risk assessment?

• Review the assessment

• Record the findings

• Identify who might be harmed

• Estimate the likelihood of risk and apply control measures

What is the purpose of developing a risk management plan?

• To ignore risks completely

• To increase the number of risks

• To eliminate or control risks and hazards

• To create more hazards

What should be done in the fourth step of a risk assessment?

• Write down the findings

• Identify the hazards

• Decide on precautions

• Evaluate the risks

What is the last step in a risk assessment?

• Monitor the risks and update if necessary

• Evaluate the risks

• Identify the hazards

• Decide on precautions

How is the risk level evaluated using the risk matrix?

• Based on the severity of the hazard only

• Based on the impact of the hazard and the likelihood of occurrence

• Based on the location of the hazard

• Based on the type of hazard only