Q2 [30 points]: Problem solving for Risk Assessment [SO: 1,2,3,4,5,6,7].

A company working in energy field is in the process of analyzing the risks associated to a gas storage in power stations. It is using the evaluations and the matrix below in the process. For every part below, choose the correct option.

a- [5 points] The step of risk assessment is needed Answer

- before beginning to store the gas in power stations

-after construction of the storage gas well

-after using a stored gas in power stations

b- [5 points] The risk assessment begins with Answer

-setting up the dangers associated with a gas storage

-understanding what can be done to remove the opportunity of exposure to a risk

-analyzing how likely every potential risk is to happen

c- [5 points] The company evaluated the risk of a leakage from broken equipment that is highly likely and could cause catastrophic damage. This risk is Answer

-Unacceptable

-Significant

-Tolerable

d- [5 points] The company evaluated the risk of the property destruction as insignificant. Since this risk to be Answer

-highly unlikely and could not lead to serious injuries

-highly unlikely and could lead to fatalities

-quite likely and could lead to serious injuries

e- [5 points] After the risks have been evaluated, the company should Answer

-develop the action plan for their control

-create a list of the employees affected by them

-provide a monitoring documentation that shows the implementation results of the risk assessment process made

f- [5 points] When controlling the risks, Answer

-the leakage from broken equipment will have a higher priority than the property destruction

-the property destruction will have a higher priority than the leakage from broken equipment

-the leakage from broken equipment and the property destruction will have the same priority

1. Slight harm 2. Injury affecting work 3. Serious injury 4. Possible fatality \begin{tabular}{|c|c|c|c|} \hline 4 Tolerable & 8 Significant & 12 & 16 \\ Unacceptable & Unacceptable \\ \hline Insignificant Insignificant & Tolerable Tolerable & 9 & 12 \\ \hline 1 Insignificant & Tolerable Unacceptable \\ \hline Insignificant & Significant Insignificant & Tolerable \\ \hline \end{tabular}