Concept

Definition

Core

Risk

Probability of occurrence of an event that could cause damage

Conditioning

Event

Situation…

Risk situation

…that can occur with a certain probability and which, if it does occur, may cause damage

Hazardous occurrence

…occurred, resulting in damage

Probability

Relationship between the number of real occurrences of an event and the number of possible occurrences of that event

Damage

Quantification, usually on a discrete scale, of physical and psychological injuries, material losses, environmental, social, economic or political consequences, of the eventual occurrence of an event

Cause

Antecedent in a convergent logical tree. Probability of occurrence of the event results from the set of causes, taking into account the logic gates and the levels of significance

Hazard

Intrinsic characteristic of a product, a substance, a machine, an equipment, a task, a person, likely to be the cause of an injury or a malfunction

Working condition

How a hazard can become effective, including quantities, storage or use of products, facilities, processes, work environment (physical, chemical or psychological), among others

Effect

Consequent of the event in a divergent logical tree. The set of logically related effects allows to assess the damage eventually resulting from the occurrence of the event

Loss

Loss of work capacity, material loss, consequences for the environment or for the community

Vulnerability

Measure of the ability of a system to resist internal or external aggression

Derived

Assessment

Methodology that allows to know, in the most profound way possible, the risks present in a production process

Identification

Detection of risks present in the production process in a systematic and descriptive way based on a model (operational, algorithmic or conceptual) representative of that process

Categorization

Awareness of risks, typifying and characterizing them, which implies the elaboration and interpretation of trees of potential causes and trees of possible effects

Valuation

Measuring risks with their hierarchy and scaling into defined risk levels according to reliable criteria

Control

Elaboration, design and implementation of barriers leading to risk minimization

Prevention

Action with the objective of minimizing the probability of occurrence of a risk situation

Protection

Action with the objective of minimizing the damage that may result from the occurrence of a risk situation

Mitigation

Action with the objective of reducing the damage effectively caused by the occurrence of the event

Barrier

Device, procedure or action resulting in the minimization of the probability (prevention barrier) or of the expected damage (protection barrier)

Assumption of the…

Financing or transferring liability for compensation for damages resulting from a…

…residual risk

…uncontrollable or uncontrolled risk that implies a non-zero probability of a hazardous occurrence

Monitoring

Recurring step of the risk management process, which, analysing the results of the control step, identifies, on the one hand, inefficiencies in barriers and, on the other hand, dynamic changes in the production process

Engaging

Risk management

Sequential and recurring process, whose main objective is to minimize the known risk, always considering the existence of residual risks and the dynamic characteristic of the risk concept

Safety

The inverse of the Risk: S = 1/R

Integrated safety

Global, systemic, and dynamic treatment of risk management, taking into account all types of risk and all methodologies capable of controlling them

Multidisciplinarity

Approach according to different technical-scientific areas with specific yet complementary results

Pluridisciplinarity

Use of specific knowledge and methodologies of a given science with a common objective

Interdisciplinarity

Enhancement of synergies between the different approaches