When assessing hazards, what two factors must be combined to obtain the Risk Assessment Code (RAC)?

The Risk Assessment Code (RAC) is a crucial element in the risk management process, especially in a maritime or afloat training context. It is used to identify and prioritize risks based on two critical factors: severity and probability.

Severity pertains to the potential impact or consequence of an event should it occur, ranging from minor to catastrophic outcomes. Probability, on the other hand, refers to the likelihood or chance that a hazardous situation will occur. By combining these two factors, organizations can effectively assess the level of risk associated with different hazards.

The resulting RAC provides a standardized way of communicating the risk level, guiding decision-making around injury prevention, resource allocation, and safety measures. This approach fosters a proactive safety culture, ensuring that the most significant risks are managed appropriately.

In summary, combining severity and probability creates a comprehensive framework for risk assessment, allowing for informed decisions that enhance operational safety and readiness.