What are risk codes?

What are risk codes?

The policy mandates inspections, assignment of Risk Assessment Codes (RACs) to identified hazards, and abatement of the hazards within certain timeframes. The RACs are based on the hazard severity, probability of occurrence, and number of people exposed or potentially lost in the event of an accident.

How is risk assessment code determined?

Risk Assessment Codes (RAC) First assess the severity of consequence associated with the hazard. Then assess the probability of experiencing that consequence. Finally, probability and severity are translated into a risk level that must be either accepted or rejected.

What is a RAC score?

RAC levels are identified by a numerical scale 1 – 5, with RAC-1 being the most critical requiring immediate response, RAC-5 being the least critical. RACs are annotated by the RAC Number, followed by the Frequency and Severity.

Which is an example of a risk assessment code?

Risk Assessment Code (RAC) – A hazard number ranking system from 1 (the highest level of risk) to 5 (the lowest level of risk). Risk Assessment Matrix – A tool used to assign RACs (see example below).

How to assign a risk assessment code ( RAC )?

Risk Assessment Code (RAC) – A hazard number ranking system from 1 (the highest level of risk) to 5 (the lowest level of risk). Risk Assessment Matrix– A tool used to assign RACs (see example below). Exhibit 1 240 FW 5 Page 2of 4 10/18/13 OCCUPATIONAL SAFETY AND HEALTH Step 2 –Using the RAC Matrix Tool, assigning a code

What is the risk assessment code for India?

Risk Assessment Code Matrix Risk Assessment Code (RAC) Severity Code Catastrophic (I)Imminent and immediate danger of death or permanent disability. Critical (II)Permanent partial disability, temporary total disability. Significant (III)Hospitalized minor injury, reversible illness. Minor (IV)First aid or minor medical treatment.

How does the risk assessment code matrix work?

Risk Assessment Code Matrix. Probability Code Severity Code Frequent (A) Immediate danger to health and safety of the public, staff or property and resources. Likely (B) Probably will occur in time if not corrected, or probably will occur one or more times. Occasional (C) Possible to occur in time if not corrected.