Glossary
Glossary
Introduction
The following terms have been used in this module and it is recommended that they are followed by all those conducting risk assessments
Term
Definition
Consequences or severity
The results provided if the potential for loss is realised.
Exposure
How often and for how long employees are exposed to a hazard.
Frequency
The rate of the occurrence of something.
Harm
Injury or loss.
Hazard
Condition or practice with the potential to cause harm.
Likelihood
Chance per unit time (usually per year).
Probability
A ratio expressing the chance that a certain event will occur.
Risk
The likelihood that harm from a particular hazard will occur (“the chance of harm or loss”).