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- Hazards are potential sources of harm, while risks measure the likelihood and impact of harm12.Key differences between hazards and risks12:
- Hazards are the anticipated cause of harm, while risks indicate an anticipation of harm.
- Identifying hazards is the first step in risk management, followed by assessing and mitigating risks.
- Risk can be reduced by implementing safety measures and reducing exposure to hazards.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Risk indicates an anticipation of harm, whereas hazard denotes the anticipated cause of harm. The risk is nothing but the probability that an action or inaction can pose life, property or any other thing to danger. Conversely, hazard pertains to the physical object, situation or setting, which poses a threat to life, property or any other thing.
keydifferences.com/difference-between-risk-and-ha…Key Takeaways
- Hazards are potential sources of harm, while risk measures the likelihood and impact of harm.
- Identifying hazards is the first step in risk management, followed by assessing and mitigating risks.
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