Assessing and Prioritising Business Risks and Hazards - Hasmate
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Assessing and Prioritising Business Risks and Hazards

Assessing and Prioritising Business Risks and Hazards

NOTE – our Risk Assessment model has just had an upgrade.  For any questions, please contact us.

There are numerous models used to complete a risk assessment.  It’s up to the individual business to determine which they want to use.  If you wish to use the Risk Assessment section in Hasmate, please read below to understand our model.

Risk score determination = likelihood x exposure x consequences = risk score.

Changes undertaken

Likelihood Changes

Likelihood is the probability that during the period of exposure, individuals will actually come in contact with the hazard resulting in harm/illness as set out below:

New scoring/wording (5 options):

Almost certain = 5
Likely = 4
Possible = 3
Unlikely = 2
Rare = 1

Exposures Changes

Exposure is how frequently are individuals exposed to the hazard, and how often is the hazard present.

New scoring/wording (5 options):

Always occurring = 5
Daily = 4
Weekly or monthly = 3
Yearly = 2
Rarely = 1

Consequences Changes

Consequence is the result of contact with the hazard, also known as severity.  What is the potential impact of the event?

New scoring/wording (5 options):

Critical (notifiable) = 5
Major (notifiable) = 4
Moderate = 3
Minor = 2
Insignificant = 1

Scoring changes – 3 Factor

Currently, the risk assessment scoring is Likelihood x Exposure x Consequences.

New priorities:

A risk score that is 75 or greater is classed as a “A” priority.

A risk score that is between 50 and 74 is classed as a “B” priority.

A risk score that is between 25  and 49 is classed as a “C” priority.

A risk score that is less than 25 is classed as a “D” priority.

Scoring changes – 2 Factor **NEW**

Currently, the risk assessment scoring is Likelihood x Exposure x Consequences.

However, in the upgrade, a blank option has been added to Exposure, giving users the option to only use a 2 factor system – Likelihood x Consequences.

Screenshot of risk assessment scoring in Hasmate program

New priorities:

A risk score that is 20 or greater is classed as a “A” priority.

A risk score that is between 15 and 19 is classed as a “B” priority.

A risk score that is between 8 and 14 is classed as a “C” priority.

A risk score that is less than 8 is classed as a “D” priority.

How this will affect existing risk assessments

If you have completed a risk assessment on a hazard or miscellaneous issue previous to the upgrade, the Likelihood, Exposure, and Consequence options you’ve chosen will translate as mentioned above.

The newly calculated risk score will display in the “Risk Score” field after the upgrade.

The pre-upgrade risk score will now display in a new field called “Old Risk Score” after the upgrade.

Because the “Previous Score” field is based on a pre-upgrade risk score that has been re-assessed, this is not easily re-calculated post-upgrade.  For this reason, we have chosen to clear all “Previous Score” fields during the upgrade.

NOTE – the “Old Risk Score” field will be removed in March 2020, as most risk assessments will have been re-assessed over that time – and the “Old Risk Score” will become irrelevant.

If you have further questions or require training on using the Hasmate program, please contact Hasmate.