Risk assessment( example more likely to be killed by a falling air craft part or eaten by a shark) - Term Paper Example

Individuals also need it to enhance their hindsight. This paper analyses two such relevant arguments, both for and against. Risk assessment is a process that incorporates five major stages in order to curb any chances of danger. The processes of examination differ greatly depending on the complexity of the risk at hand, however; the following stages are commonest in most organizations and companies. Identification of the hazard is the first stage, and this refers to anything that may cause an accident, for instance chemicals, open sewages, and open electrical wires.

This stage involves identifying how the hazard may cause hard to other people. For every identifiable hazard, the assessor should be able to clarify whoever is likely to be affected by the hazard. This involves both individuals and groups of people, though; it does not involve writing down the names of every single individual. Having spotted the hazard and the people who are likely to be affected, an action has to be taken. This stage involves taking all the reasonable precautions in order to curb the expected risk.

Recording the results of the risk assessment process and implementing them is a critical stage. This involves putting the risk assessment results into action in order to minimize the probability of the related forms of danger. The final stage calls for the assessment of the entire process. The final stage is critical in the evaluation of the procedures used to review the risk assessment process and helps in the making of any possible adjustments. The departments of fisheries in various countries have considered water activity choice, depth of the water, distance away from the shore, presence and population of marine sharks and temperature of water as key risk factors of being eaten by the shark (Ian, 121).

In Western Australia, for instance, those bathing within 25 meters away from the shores of its capital, Perth, are safer