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imported>Ylem
μ "It's" to "its". Minor.
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==Classifying Hazards==
By it'sits nature, a hazard involves something which could potentially be harmful to a person's life, health, property or to the environment. There are a number of methods of classifying a hazard, but most systems use some variation on the factors of '''Likelihood''' of the hazard turning in to an incident and the '''Seriousness''' of the incident if it were to occur.
 
A common method is to score both likelihood and seriousness on a numerical scale (with the most likely and most serious scoring highest) and multiplying one by the other in order to reach a comparative score.