10 1 11 1 12 1 13 1 14 1 15 1 76 1 17 1 1 The Five Step Guide to Risk Assessment "What is a risk assessment?" ... Step 1: Identify the hazards. ... . Step 2: Decide who might be harmed and how. ... . Step 3: Evaluate the risks and decide on control measures. ... . Step 4: Record your findings. ... . Step 5: Review your assessment and update as and when necessary. Hazard identified Risk (i.e. Control measure to Responsible Completion date for (include details of consequence and be implemented (e.g. Person to implementation hazard, who might be likelihood procedure, training implement the harmed and how) according to risk etc.) control measure matrix) Slippery surface outside by the main door Chemical are not in a secure and locked area The gas bottle exploded due to a faulty valve Risk Matrix Impact Negligible Minor Moderate Significant Severe Very Likely Low Med Medium Med Hi High High Likely Low Low Med Medium Med Hi High Likelihood Possible Low Low Med Medium Med Hi Med Hi Unlikely Low Low Med Low Med Medium Med Hi Very Unlikely Low Low Low Med Medium Medium