What is residual risk assessment in SAP EHS-MGM - SAP EHS Management?

SAP Term: residual risk assessment

• Component: EHS-MGM

• Component Name: SAP EHS Management

• Description: An assessment that determines the residual risk after preventive/corrective actions have been carried out.

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• Key Concepts: 
  Residual risk assessment is a process used in SAP EHS Management to identify and evaluate the remaining risks after preventive measures have been taken. It is used to determine the level of risk that remains after all safety measures have been implemented. The assessment is based on the probability of an event occurring and the severity of its consequences. 
  
  How to use it: 
  In SAP EHS Management, residual risk assessment is used to identify and evaluate the remaining risks after preventive measures have been taken. The assessment is based on the probability of an event occurring and the severity of its consequences. The assessment should be conducted regularly to ensure that all safety measures are effective and that any new risks are identified and addressed. 
  
  Tips & Tricks: 
  When conducting a residual risk assessment, it is important to consider all potential risks, including those that may not be immediately apparent. It is also important to consider the potential consequences of each risk, as well as the likelihood of it occurring. 
  
  Related Information: 
  SAP EHS Management provides a range of tools and features to help organizations manage their safety processes, including residual risk assessments. These tools can help organizations identify potential risks and take appropriate action to reduce or eliminate them.