In order to make sense of the various types of risk assessments it is necessary to understand the three types of risks:

Operational risk:

  • Identify product liability to the organisation
  • Identify busniness interruption to the organisation and cost implications.
  • Legal claims against the organisation due to employees  
  • Financial options
  • Return on investments
  • Compiling a legal register to ensure employees are aware of the relevant legal and other requirements applicable to them 

Workplace risk:

  • It is a method particularly suited for operations
  • Critical and people
  • Intensive in the workplace
  • Reviews operator actions.

Environmental risk:

  • Aspects and impacts
  • Understanding a MSDS (Material safety data sheet for hazardous chemical products)
  • Issues related to house hold chemical products
  • Objectives and tartgets