What are the 2 types of risk assessment?
There are two main types of Risk Assessment - Qualitative risk assessments and Quantitative risk assessments.
Qualitative risk assessments have a subjective approach.
Quantitative risk assessments have an objective approach.
The difference between qualitative and quantitative is in the approach and outcome.
Qualitative Risk Assessments
When looking at a qualitative risk we are focusing on those risks where the likelihood of a specific event going wrong will have a direct negative outcome. Therefore, the desired outcome of the risk is to establish the severity such as low, medium, high risk etc.
Quantitative Risk Assessments
When looking a quantitative risk we are looking for the effects of this risk in terms of actual cost/effort as a negative. i.e. materials, labour and time lost etc. Therefore, a quantitative risk has a numerical value.
Want more free Health and Safety articles?
