Calculate Risk Potential for Risk Assessment

Explanation

This activity is used to calculate risk for a given time, place and circumstances within a particular risk assessment.

Select the relevant hazard which you want to calculate the risk potential, In the Probability field, select the description of the risk likelihood and the corresponding probability value. In the Frequency field, select the option specifying the frequency of risk occurrence and the corresponding frequency value. n the Severity field, select the description for the severity of risk and the corresponding severity value. Once all information is saved the risk potential is calculated from all values in the risk calculator and will be shown in the Risk Potential field.

Prerequisites

In order to perform this activity:

• Risk Assessment is required to be registered in the IFS Cloud.
• Descriptions and values of frequency, severity and probability of risk are required to be already defined in the Risk Potential Basic Data.

System Effects

There are no system effects.

Pages

Risk Assessment

Activity Diagrams

Risk Assessment Execution