Conquer the BCSP Challenge 2025 – Elevate Your Safety Skills!

The definition of a hazard analysis is centered on the identification and assessment of potential hazards within a given context, such as a workplace or project environment. The correct answer captures this essence by stating that hazard analysis begins with the identification of hazards, which is a fundamental first step in understanding and managing safety risks. Following this identification, the process estimates the severity of potential harm that could arise from these hazards, enabling effective prioritization of safety measures and risk management strategies.

This definition emphasizes the proactive nature of hazard analysis and its goal of reducing potential harm by understanding the nature and severity of identified risks. By systematically identifying hazards and evaluating their impact, organizations can implement appropriate controls to mitigate those risks effectively, thus fostering a safer environment.

The other options do touch on aspects of safety management but do not encapsulate the core of hazard analysis as effectively as the chosen response. For instance, the first option suggests a broader scope of risk management that may include actions beyond just hazard identification, while the second option focuses more on retrospective analysis rather than the proactive identification and evaluation of current hazards. The last option, which pertains to compliance with safety regulations, does not directly address the process of hazard identification and risk assessment intrinsic to hazard analysis.