A hazard that has been assessed for probability and severity becomes a(n) _____.

A hazard that has been assessed for probability and severity becomes a(n) _____.

• A. Residual Risk
• B. Potential Hazard
• C. Evaluated Risk
• D. Controlled Risk

Answer: (C)

Assessing how likely a hazard is and how severe its consequences could be turns that hazard into a quantified risk that you can manage. Once you’ve estimated probability and severity, the hazard becomes an evaluated risk—the risk level has been evaluated and is ready to guide mitigation decisions. This differs from a potential hazard, which exists before assessment; residual risk, which is the remaining risk after applying controls; and a term like controlled risk, which isn’t a standard label for the outcome of an assessment.

Assessing how likely a hazard is and how severe its consequences could be turns that hazard into a quantified risk that you can manage. Once you’ve estimated probability and severity, the hazard becomes an evaluated risk—the risk level has been evaluated and is ready to guide mitigation decisions. This differs from a potential hazard, which exists before assessment; residual risk, which is the remaining risk after applying controls; and a term like controlled risk, which isn’t a standard label for the outcome of an assessment.