What is assessed when identifying hazards according to risk management principles?

When identifying hazards in accordance with risk management principles, the assessment of severity versus probability is crucial. This approach involves evaluating both how severe the consequences of a hazard might be and the likelihood of that hazard occurring. By combining these two factors, risk managers can prioritize risks and allocate resources more effectively to mitigate potential dangers.

Understanding the severity of an event helps in recognizing the potential impact on life, property, and the environment, while assessing the probability provides insight into how often that event may occur. This dual assessment allows for a comprehensive view that leads to more informed decision-making in emergency preparedness and response planning.

In contrast, focusing solely on environmental indicators, historical fire patterns, or past firefighter experiences lacks the holistic approach necessary for effective risk management. Only considering environmental indicators may overlook significant factors such as human-related risks or infrastructure vulnerabilities. Relying on historical fire patterns does not account for changes in climate or urban development. Similarly, while past firefighter experiences are valuable, they may not cover the entirety of the risk landscape or the current conditions being faced. This underscores why severity versus probability is a pivotal aspect of assessing hazards in risk management.