What are the 3 levels of risk ?

Level 1: Low Risk

In this level, there is a low likelihood of a potential hazard occurring. This type of risk is often referred to as a "green" level. It is characterized by a low probability of harm and minimal potential impact on individuals, property, or the environment.

Level 2: Moderate Risk

In this level, there is a moderate likelihood of a potential hazard occurring. This type of risk is often referred to as a "yellow" level. It is characterized by a moderate probability of harm and potential impact on individuals, property, or the environment.

Level 3: High Risk

In this level, there is a high likelihood of a potential hazard occurring. This type of risk is often referred to as a "red" level. It is characterized by a high probability of harm and potential impact on individuals, property, or the environment.

It is important to note that these levels of risk are not absolute and can vary depending on the specific context and circumstances. Additionally, each level of risk may have specific criteria that must be met in order to be considered low, moderate, or high.

Understanding the different levels of risk is crucial in any field where safety and success are important. By evaluating potential risks and categorizing them according to their severity and impact, individuals and organizations can make informed decisions to mitigate or manage those risks effectively.