2.0. Hazard and Risk

2.1. Discussions on Hazard and Risk

The word hazard by definition is rather confusing it stands for potential danger, or dangerous outcome! Again the word risk is related to hazard as per dictionary terms. It also means the chance of something going wrong. So these two terms are interrelated. However, in terms of functional safety, hazard stands for some event, which has the potential to cause harm to personnel, plant, and machinery and/or environment. When a big house building is dismantled, workers or people on the road have potential danger of being injured (even killed) from the falling object. Now if there is a suitable barrier placed around that location, a safe zone for people to walk around is provided. Then the people ...

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