In a COPTR safety scenario, what is the difference between a hazard and a risk?

In a COPTR safety scenario, what is the difference between a hazard and a risk?

• A. A hazard is the probability; risk is the source of harm.
• B. A hazard is a potential source of harm; risk combines probability of occurrence with consequence to quantify potential harm.
• C. A hazard is the actual harm; risk is the mitigation plan.
• D. Hazard and risk are the same.

Answer: (B)