Difference Between Hazard And Risk

tl;dr
Hazard is any source of potential harm or damage, while risk is the likelihood of that hazard causing harm or damage.

Hazard and risk are two related concepts, but they are not the same. A hazard is any source of potential damage, harm, or adverse health effects on something or someone. A risk is the likelihood that a given hazard will cause harm or damage to something or someone.

Hazards can be physical, biological, chemical, or psychological. Examples of physical hazards include fire, flooding, and extreme temperatures. Biological hazards include bacteria, viruses, and fungi. Chemical hazards include hazardous materials, such as asbestos and lead. Psychological hazards include stress, fatigue, and anxiety.

Risk, on the other hand, is the probability that a given hazard will cause harm or damage to something or someone. Risk assessment is the process of assessing the potential risks associated with a hazard. It involves identifying the hazard, evaluating the likelihood of its occurrence, and determining potential consequences. Risk management is the process of managing the risks associated with a hazard. It involves identifying, assessing, and controlling the risks associated with a hazard.

In conclusion, hazard is any source of potential damage, harm, or adverse health effects on something or someone. Risk is the likelihood that a given hazard will cause harm or damage to something or someone. Risk assessment is the process of assessing the potential risks associated with a hazard, and risk management is the process of managing the risks associated with a hazard.