ABSTRACT
Risk management is a systematized sequence of algorithm solving steps, which are useful for defining particular hidden attributes, potentials and abilities of an object to cause damage, and for describing how they can lead to damage or injury. The solution gradually proceeds from risk analysis and evaluation to final adoption and implementation of measures. Risk management also includes monitoring of the efficiency of adopted measures, since it is an occupational safety and health (OSH) management system tool. The principles of OHS management system, similarly to other quality and environment management systems, involve constant improvement efforts (Cox & Tait 2003).
