This video highlights the risk inherent in everyday life and shows how a risk matrix can help you minimize risk. The risk is the chance that you could suffer physical, emotional psychological, social injury and financial loss. Taking the risk reduction course will help manage risk by using the use of a risk matrix. The term “probability” can be defined as an event that has a certain probability of occurring and has a substantial consequence should it occur. The risk matrix shows the probabilities of something to occur and what it could mean for. Risky decisions are those where there’s a variety of options, and it is unclear which one appears.

Loss or injury can be due to danger. It’s a factor that is manageable, and even avoided but not removed. There’s always the chance to be injured, or dying if you go on dangerous adventures. But, you can minimize your risk by taking precautions to reduce risk and using equipment that’s properly maintained and adhering to the safety guidelines. A person who is walking down the street and fails to look before crossing risks being injured since they aren’t aware of what’s coming up on the street. 4786d3n3qi.