Technique of operations review system TOR
Term · Insurance and risk management · MLC-T-INS-003288
A structured method for analyzing and evaluating the safety performance of an organization's operations by identifying and assessing potential hazards. This system, the technique of operations review (TOR), involves a systematic examination of tasks, equipment, and procedures to uncover risks that could lead to accidents or losses. TOR analysis produces a numerical risk score for specific operations, which is calculated by combining frequency and severity ratings for identified potential problems.
| Identifier | MLC-T-INS-003288 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-003288",
"term": "Technique of operations review system TOR",
"field": "Insurance and risk management",
"definition": "A structured method for analyzing and evaluating the safety performance of an organization's operations by identifying and assessing potential hazards. This system, the technique of operations review (TOR), involves a systematic examination of tasks, equipment, and procedures to uncover risks that could lead to accidents or losses. TOR analysis produces a numerical risk score for specific operations, which is calculated by combining frequency and severity ratings for identified potential problems.",
"url": "https://mlchart.com/terminology/insurance/technique-of-operations-review-system-tor/"
}
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