https://www.welaptega.com/wp-content/uploads/2016/05/26604660935_1409e5c6ed_o.jpg 3456 5184 team welaptega http://www.welaptega.com/wp-content/uploads/2020/01/Welaptega-AT-Logo-1.png team welaptega2016-05-09 09:32:042016-12-06 20:24:14Risk Assessment in All Walks of Life
When assessing risk of an operation, the UK Oil and Gas considers both the consequences of failure and the probability of failure. Each plays a crucial role in determining the attention that should be paid in preventative action. Consequence of failure is the outcome of a possible hazard (What happens if…) where the probability considers how likely it is that something will go awry (How likely is this to happen?).