Which method is best for determining the effectiveness of a risk management plan?

Monitoring injury and exposure statistics is a vital method for determining the effectiveness of a risk management plan because it provides tangible data that directly reflects the outcomes of the implemented safety measures. By tracking these statistics, safety officers can identify trends in incidents or exposures that might indicate whether the risk management strategies are functioning as intended or if adjustments are necessary.

This approach allows organizations to assess the impact of their interventions, identify areas needing improvement, and demonstrates accountability in managing safety risks. If statistics show a decrease in injuries or exposures following the implementation of a risk management plan, it suggests that the plan is effective. Conversely, if the numbers remain static or worsen, it indicates that the strategies may need reevaluation or enhancement.