👉 Hazard math is a method used in risk assessment and management to quantify the likelihood and impact of potential hazards. It involves calculating the probability of a hazard occurring (hazard frequency) and the severity of its consequences (hazard severity). By combining these two factors, hazard math provides a comprehensive measure of risk, often expressed as a numerical value or a hazard index. This index helps organizations prioritize risks, allocate resources effectively, and implement targeted mitigation strategies to reduce potential harm. The process typically includes identifying hazards, estimating their frequency and severity, and then combining these estimates to derive a risk score or hazard level, which guides decision-making in safety management and emergency planning.
