Geology Reference
In-Depth Information
Daewoo Corporation. Figure modi
ed from Kim et al. (2001).
programme (rather than other issues such as safety or cost as
might have been done). The likelihood of a hazard occurring
was assigned one of three levels and consequence of each hazard
assumedtobeatoneof
five levels, as set out in
Table AE-1.1
below.
The level of risk for each hazard can be determined by
finding its
likelihood of occurrence and considering its consequence. The level of
risk associated with the hazard is then established conventionally as
follows:
Level of Risk
ΒΌ
Likelihood
Consequence
Once the level of risk has been ascertained, it can be compared with
Table AE-1.2
below to identify the action that should be taken to
mitigate the risk.
Having made an assessment of the risk associated with each hazard,
appropriate mitigation measures are considered. The residual risk
remaining after mitigation is then assessed in the same way to determine
acceptability or otherwise.
