The purpose of a detailed site assessment is to gather sufficient information to develop an independent professional opinion about the risks and threats as well as overall condition of the facility / site / property and to identify actual or potential concerns, which may pose a direct security concern or potential risk to the client and its property and staff as well as contractors and visitors. Five steps to risk assessment can be followed to ensure that your risk assessment is carried out correctly, these five steps are: Identify the hazards. Decide who might be harmed and how. Evaluate the risks and decide on control measures.
Risk assessment is a term used to describe the overall process or method where you: Identify hazards and risk factors that have the potential to cause harm (hazard identification). Analyze and evaluate the risk associated with that hazard (risk analysis, and risk evaluation). The risk assessment plays an inherent part of an overall risk management strategy, which attempts to, after a risk assessment, "introduce control measures to eliminate or reduce" any potential risk-related consequences by implementing effective training techniques to enhance the staff capabilities.
COMPONENTS OF A POSSIBLE RISK
- General Definition of Risk – Risk is simply the likelihood of an event occurring multiplied by the estimated consequence of that event.
Risk = (Likelihood) x (Consequence)
Based on this equation, a risk represents the expected outcome over a period of time of some uncertain event.
In assessing the risk, the likelihood of occurrence is the product of two components: the likelihood of a incident occurring (threat) and the likelihood of that incident outcome being successful (vulnerability).
Likelihood = (Threat) x (Vulnerability)
- Threat – The likelihood of an incident occurring is referred to as the threat. If we were to measure this factor in absolute terms, the threat would be equal to the probability of an incident or the frequency of incident on individuals. However, because it is in many instances difficult—if not impossible—to estimate these factors for sporadic incident occurrences, threat must be evaluated on a relative scale.