Explanation
The Kinney & Wiruth method is a widely used way to put a number on risks in a risk assessment or incident review. Variants exist, sometimes under the name Fine & Kinney. You estimate three factors: the probability that it goes wrong, how often or how long people are exposed and what the effect would be.
Each factor gets a value on a fixed scale. You multiply the values into a risk score (R = W x B x E) and place that score in a risk class, from low to very high. The higher the class, the faster and heavier the measures. The scales and class limits differ per organisation, so write them down.
The advantage is that you can compare risks with each other and get a clear ranking. It remains an estimate though: two assessors do not always reach the same number. Discuss the scores with people who know the work. A risk matrix is the simpler variant with only likelihood and consequence.
Example from practice
You assess working next to a moving forklift: probability moderate, exposure daily, effect serious injury. Multiplied, that gives a score that comes out higher than for a risk that rarely occurs.
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