This paper presents a risk evaluation and estimation methodology used for health, safety and environmental management prioritization strategies. Two case studies are presented and discussed throughout the usage of the Hazard Matrix. The Hazard Matrix is a risk management tool that promotes an organization's global health and safety at work evaluation. Workers, plant sectors and the work flow are interrelated and the exposure to hazards and environmental agents are evaluated and estimated. Analysis and discussion of the application contribute to the risk management process and determine loss prevention investments. Two cases allow an enhanced comprehension of the model. Discussion on the model adequacy and comprehensiveness of a qualitative / quantitative approach to prioritize risk management investment are also addressed.

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