What is the role of risk assessment in managing hazardous materials?

The role of risk assessment in managing hazardous materials is fundamentally about evaluating potential risks and implementing controls. This process involves identifying the hazards associated with materials, assessing the likelihood and potential consequences of those hazards, and determining the right measures to mitigate risks. By conducting a thorough risk assessment, facilities can prioritize safety measures, allocate resources effectively, and establish protocols to protect both workers and the environment.

Risk assessment serves as a proactive approach, ensuring that adequate safety controls are in place before incidents occur, rather than reacting to incidents after the fact. This structured evaluation helps organizations comply with regulations, standards, and best practices in safety management, ultimately fostering a safer working environment.

The other options focus on aspects that, while important, do not directly relate to the core purpose of risk assessment. Creating training programs is essential but is a step taken after assessing risks. Determining the cost of hazardous materials pertains more to financial management than safety. Developing marketing strategies relates to product promotion and is outside the scope of risk management in hazardous materials.