Hazard Identification Formula: Understanding Risk and Exposure

The formula to identify hazards is:

Hazard = Risk * Exposure

This means that the severity of a hazard is determined by its likelihood of occurring and the extent to which people or property are exposed to it.

For example, if there is a high risk of a chemical spill and many people work in the area, the hazard would be considered severe. However, if the risk of a spill is low, and only a few people work in the area, the hazard would be considered less severe.

It is important to identify and assess hazards in order to develop appropriate controls to prevent or mitigate them.