Final answer:
The management of fire hazards and assignment of Risk Assessment Codes is outlined in health and safety regulations. Risk assessment plays a crucial role in identifying, assessing, and controlling potential risks. The NFPA hazard diamond provides information on major hazards associated with chemical substances.
Step-by-step explanation:
The management of fire hazards and assignment of Risk Assessment Codes is outlined in health and safety regulations. These regulations aim to prevent and minimize fire hazards in various settings such as workplaces and public spaces, and ensure that appropriate risk assessment measures are implemented.
The National Fire Protection Agency (NFPA) hazard diamond is one tool used to summarize the major hazards associated with a chemical substance. It provides information on health hazards, flammability, reactivity, and specific information for emergency response.
Risk assessment is a comprehensive process that involves identifying, assessing, and controlling potential risks. It includes evaluating the likelihood and severity of hazards, and assigning Risk Assessment Codes (RAC) based on predetermined criteria. These codes help in determining appropriate control measures to mitigate the identified risks.