Risk Management Step 2 – Risk Evaluation Quiz

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Question 1 of 8

1. Question
1 point(s)

What is Risk Evaluation?

A process that employs qualitative or quantitative tools/methods to link the potential consequence with probability of occurrence of the hazard.

A process that employs qualitative or quantitative tools/methods to link the potential consequence with probability of occurrence of the risk.

A process that employs qualitative or quantitative tools/methods to calculate the probability of occurrence of the hazard.

A process that employs qualitative or quantitative tools/methods to calculate the probability of occurrence of the risk.

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Question 2 of 8

2. Question
1 point(s)

Which is correct about the Risk Assessment Matrix?

The RAM graphically combines the perceived potential consequence from a hazard with the likelihood that this consequence will occur for a given hazard release scenario.

The RAM graphically combines the perceived potential risk with the likelihood that this consequence will occur for a given hazard release scenario.

The RAM graphically illustrates the perceived potential consequence from a hazard only

The RAM is a graph that shows given hazard release scenarios only

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Question 3 of 8

3. Question
1 point(s)

In terms of safety, what does the acronym RAM mean?

Risk Assigning Matrix

Random Assessment Matrix

Risk Assessment Matrix

Risk Arrangement Matrix

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Question 4 of 8

4. Question
1 point(s)

In the Risk Assessment Matrix, severity is found where on the graphic?

Top

Left

Right

Bottom

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Question 5 of 8

5. Question
1 point(s)

Severity is ranked from?

1 to 10

A to E

1 to 5

A to J

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Question 6 of 8

6. Question
5 point(s)
On the Risk Assessment Matrix, match the ranking for the Probability of an event occurring:
Sort elements
- Very Unlikely
- Unlikely
- Possible
- Likely
- Very Likely
A
B
C
D
E
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Question 7 of 8

7. Question
4 point(s)
Match the following in terms of Risk:
Sort elements
- A2
- C2
- B4
- D3
Low Risk
Moderate Risk
Critical Risk
Intolerable Risk
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Question 8 of 8

8. Question
1 point(s)

What factors are considered by Perenco’s Risk Assessment Matrix?

People, Assets, Environment and Reputation

Risk, Hazard and Consequence

Time, Money, Equipment and Employees

Process, Electrical and Confined Space

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Risk Management Step 2 – Risk Evaluation Quiz

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