The intersection of the assessed probability and severity of a hazard is the Risk Level.
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risk level
The step in CRM process is focused on determining probability and severity of hazard occurring is accessing hazards.
Estimate the probability and severity and then determine the risk level using the risk assessment matrix
Step in risk management process focused on determining the probablity and severity of a hazard occuring is the risk assessment process. Risk assessment consists of three related functions which are risk identification, hazard analysis and risk measurement.Risk measurement evaluates the likelihood of loss or gain along the dimensions of frequency and severity.
Assess hazards