SAFETY DESK: 10 Factors of Risk

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The importance of daily communication about risk tolerance cannot be underestimated.

Each person has a different level of risk tolerance for different reasons.

One of our goals should always be: coach all of our employees to the lowest common level of risk tolerance possible.

As a reminder, the 10 factors that must be considered when evaluating the risks around us are:

1. Overestimating capability of experience

2. Familiarity with the task

3. Seriousness of outcome

4. Voluntary actions and being in control

5. Personal experience with an outcome

6. Cost of non-compliance

7. Confidence in the equipment

8. Confidence in protection and rescue

9. Potential profit and gain from actions

10. Role models accepting risks.

Let’s start 2019 by encouraging everyone to take ownership of the risk assessment process and continue to focus on: When I SEE something, I will STOP and DO something.

ALLEN MYERS
Lyman-Richey Corporation Safety Director

“When I SEE something, I will STOP and DO something.”