Risk : risk is defined as the product of the probability of a hazard resulting in an adverse event, times the severity of the event. Risk= likelihood of occurrence × severity if incident occurred. / HAZARD : Any- thing that has potential to cause harm is called hazard. ( if there is no hazard, there is no risk. Therefore, risk is the product of hazard.

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Accepted Answer

Risk is the product of the probability of a hazard resulting in an adverse event, times the severity of the event.

Risk is calculated by multiplying the likelihood of an adverse event occurring by the severity of the event.
Hazards are anything that has the potential to cause harm.
If there is no hazard, there is no risk.
Examples of hazards include chemicals, machinery, and environmental factors.
As an HSE Officer, it is important to identify hazards and assess the associated risks to prevent accidents and injuries.

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