Perfecting imperfections with one to ONE

Glossary

Risk Level

A risk level is an index that indicates the degree of risk that can occur in a specific activity or situation. In a factory, the risk level refers to the extent of potential risks that the factory may face. 

Risks are classified by the magnitude of potential loss and damage, with a higher risk level predicting a more serious impact.

Risks in a factory's daily activities include machine failure, fire, and human error. It is essential to assess potential risks beforehand and implement effective countermeasures.

The risk level of a factory is assessed based on various factors. Specific methods for estimating risk include using a scoring matrix with the severity of injury or illness on the horizontal axis and the likelihood of occurrence on the vertical axis, or using additive methods that involve numerical calculations like multiplication or addition of quantified severity and likelihood.

A factory's risk level can change constantly. Factory managers must conduct regular risk assessments and take necessary measures to minimize these risks. Appropriately understanding a factory's risk level and performing risk management is essential for ensuring the factory's safety and stability. Proper risk management also leads to improvements in productivity and efficiency.

RELATED WORDS