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

SAP Term: risk

• Component: EHS-MGM

• Component Name: SAP EHS Management

• Description: The possibility that a hazard can impact an organization's objectives, a person's health or safety, or the environment. In a risk assessment, a risk is identified uniquely by the combination of a hazard, a location, and an operational status.

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  Key Concepts: 
  Risk is a potential for loss or harm that can arise from a given situation or activity. In the context of SAP EHS Management, risk is the potential for harm to people, property, or the environment due to hazardous materials, processes, or activities. 
  
  How to use it: 
  SAP EHS Management provides tools to identify and assess risks associated with hazardous materials, processes, and activities. It also provides tools to manage and mitigate those risks. For example, it can be used to create safety plans and procedures, monitor compliance with safety regulations, and track hazardous materials. 
  
  Tips & Tricks: 
  When assessing risks associated with hazardous materials, processes, and activities, it is important to consider both the likelihood of an incident occurring and the potential severity of the consequences. This will help you prioritize which risks need to be addressed first. 
  
  Related Information: 
  SAP EHS Management also provides tools for incident management and reporting. This includes tools for recording incidents, analyzing root causes, and creating corrective action plans.