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Hover over a term to see its definition
See 'catastrophic event'
Code of Federal Regulations
A catastrophe is a cascade of events that lead to extreme consequences which results in substantial damage or loss to people, planet and possessions (in that order).
Generally too complex to be predictable, catastrophic events for an organisation are treated as rare but in reality their likelihood can be unpredictable.
The outcome of an event affecting the objective. For example, damage to health, including the damage that can occur from loss of product quality or availability.
See ‘Risk Owner’.
The ability to detect the event occurring, existing or being present.
Environmental, Health and Safety
Occurrence or change of a particular set of circumstances. An event can be one or more occurrences, and can have several causes. An event can consist of something not happening. An event can sometimes be referred to as an “incident” or “accident”. An event without consequences can also be referred to as a “near miss”, “incident”, “near hit” or “close call”.
The potential source of an Event.
Synonyms: Threats; Cause; Failure Mode; Risk Source.
Note: This is not synonymous with ‘Risk’.
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