It's about Risk assessment in the petroleum industry

- Create a simple risk assessment matrix of your own choosing eg. home, office, factory etc. put in the hazards/ risks of your own choosing and then decide what is the risk severity & risk probability of each hazard you chose.

Use Figure 1 to help identify your hazard risk level

Risk severity Risk probability Catastrophic Hazardous Major Minor D Negligible Frequent 5 SD SE Occasional 4 C 8 GE Remote 38 3C 3D Improbable 2 2A 20 20 Extremely improbable 1 1A Figure 1 Risk severity Risk probability Catastrophic Hazardous Major Minor D Negligible Frequent 5 SD SE Occasional 4 C 8 GE Remote 38 3C 3D Improbable 2 2A 20 20 Extremely improbable 1 1A Figure 1