The tool #4: Risk Assessment Matrix
A good appreciation of HSE risks in your area of responsibility helps to correctly direct resources for improvement. Risk Assessment Matrix (RAM) is a tool to rank and assess these risks, and discuss what changes need to be made so that the risk is as low as is reasonably practicable (ALARP).
Ensuring that risk is managed in a structured and rational way is a necessary part of a safety management system. Rationalising risk in this way can help better allocate resources and ensure that adequate barriers are put in place to prevent incidents.
Applying RAM properly and frequently is a natural way to communicate and plan for HSE improvement. RAM can help managers better appreciate their personal roles in managing the HSE risk in their area of responsibility, and can help them come to a good understanding of their role in demonstrating risk is managed to ALARP levels.