Have you ever gone on some sort of adventure? Maybe you went zip lining or jumped out of an airplane. Whatever exciting thrill you chose, did you think about the risks first? What were the chances that you would be hurt or worse? While adventures do carry risks, they are not the only place we should consider risks. You see, we think about risk in many aspects of our lives, not always in the right way. When there are risks in our work we must conduct a risk assessment as uncontrolled risks can be detrimental to a business, its worker’s health and safety, its plant and equipment and its clients and the community. Being able to identify the risk and determine how severe it can be, is an essential part of being a successful business.

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Workers need to be prepared for an event that might hurt them, the business or its equipment and community. These unwanted events are known as risks. Using a Risk Matrix can not only identify the size of the risk but can determine whether or not the risk can be controlled adequately. There are two major categories/dimensions in any Risk Matrix. Those dimensions are the Consequence or Severity and the Likelihood of the risk.

The matrix forms a box where the Consequence of the risk lines the left side and the Likelihood of the risk lines the top. When you line the two up you will be able to determine where the risk lies on the matrix.

In the case of the example shown above, Red Boxes mean the risk is significant and should be controlled immediately and before the task is performed. At the other end of the scale is our Green Boxes. This means there is little to no risk and the task should be safe to proceed.

If you would like more information on controlling risks in your workplace and using a Risk Matrix. Contact us at Trade Safety. It’s what we do!