Question

In step three of the five step composite risk management process, you will develop one or more controls that either eliminate the hazard or reduce the risk of a hazardous incident occurring. what type of controls take the forms of barriers and guards or signs to warn individuals, units, or organizations that a hazard exists

Answer 1

The answer is "Physical controls".

Physical control is the execution of safety efforts in a characterized structure used to hinder or anticipate unapproved access to touchy material. Precedents of physical controls are:  

Shut circuit observation cameras  

Movement or warm caution frameworks  

Security watches  

Picture IDs  

Bolted and dead-blasted steel entryways  

Biometrics (incorporates unique mark, voice, confront, iris, penmanship, and other robotized techniques used to perceive people)

Answer 2

In step three of the five-step composite risk management process, you will develop one or more controls that either eliminate the hazard or reduce the risk of a hazardous incident occurring. The physical controls take the form of barriers and guards or signs to warn individuals, units, or organizations that a hazard exists.  

Further Explanation:

Operational risk management:

Operational risk management refers to a method that follows by the companies to eliminate the risks and reduce the risk to some extent. Operational risk management has five steps to do the management of reducing or eliminating the risk. Following are the steps in operational risk management:

• Identify hazards

• Assessed the hazards

• Develop controls

• Implement controls

• Supervise and evaluate

In step third of developing controls, the management makes the develop control, which eliminates or reduces the risk to some extent. Before developing the controls, the management defined the type of controls and the reason behind it. There are three types of controls that take form educational controls, physical controls and avoidance controls.  

Physical controls:

Physical controls are a type of control that takes the form of the barrier if there is something hazardous then the physical controls warns the individuals about it. This is a type of guard or warns sign which ultimately controls the dangerous things happen.  

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Answer details:

Grade: Middle School

Subject: Business

Chapter: Operational risk management

Keywords: step three of the five steps, composite risk management process, develop controls, eliminate, reduce, hazardous incident, individuals, units, barriers, guard, a hazard exists, identify, supervise, physical controls.