Hazard totem pole

Many hazard analysis and risk assessment techniques have been developed. These are just a few of the methodologies mentioned in the literature preliminary hazard analysis gross hazard analysis hazard criticality ranking catastrophe analysis change analysis energy flow/barrier analysis energy transfer analysis event tree analysis human factors review the hazard totem pole and double failure analysis. There are many other hazard analysis systems. 

Grose applied system safety principles and techniques in preparing hazard control information for management decisions. His process creates a simplified decision chart, the Hazard Totem Pole (Figure 36-7). 

The process creates a list of hazards from the analysis of scenarios organized according to the combination of ratings established in the hazard totem pole. The list forms priorities for allocating funds to correct the hazards. The list can include the cost to correct each hazard. One compares the cumulative cost as one moves down the list to funds included in a budget. Managers have limited resources and are not likely to have funds to correct every hazard in the list. They must decide how far down the list a budget reaches. At some point there is a cutoff. Funds will not support items below the cutoff line. 

What is the Hazard Totem Pole Explain how it works. 

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