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"Hi Dimitar ,
the method of risk treatment either risk elimination or risk subsititution or what ever the method, is a matter of cost benefit analysis, which result in a decission of what is the cost of that risk control, then you can decide which…"
the method of risk treatment either risk elimination or risk subsititution or what ever the method, is a matter of cost benefit analysis, which result in a decission of what is the cost of that risk control, then you can decide which…"
"Hello Alex,
ok, may be that is right, any how it is just an example showing the difference between the risk elimination & risk substiution process, how ever which of their risk is higher.
regards"
ok, may be that is right, any how it is just an example showing the difference between the risk elimination & risk substiution process, how ever which of their risk is higher.
regards"
"of course risk can be managed through a systmmatic process well known for all, as follow:
1- Identification of hazards.
2- Evaluation of risk to determine (the likely FREQUENCY of losses coming from it & the probable SEVERITY of these losses)
3-…"
1- Identification of hazards.
2- Evaluation of risk to determine (the likely FREQUENCY of losses coming from it & the probable SEVERITY of these losses)
3-…"
"Dear All,
I agree with Grant Purdy , we should first define the hazards then evaluate the risk, risk can be (Risk elimination) that means ending the risk arised from that hazard such as stopping a certain risky activity (for example: stop travelling…"
I agree with Grant Purdy , we should first define the hazards then evaluate the risk, risk can be (Risk elimination) that means ending the risk arised from that hazard such as stopping a certain risky activity (for example: stop travelling…"
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