Search results
Aug 15, 2017 · Acceptable risk is a risk exposure that is deemed acceptable to an individual, organization, community or nation. Acceptable risks are defined in terms of the probability and impact of a particular risk.
Jan 9, 2002 · For those who prefer to deal in terms of acceptable risk, it is defined as that risk which is tolerated in a given context based on current values of society. Examples of Acceptable Risk. Descriptions of acceptable risk levels in use are demonstrated by the following examples. 1. NASA-STD-8719.7, January 1998, defines acceptable risk ...
Accepting risk is the amount of financial uncertainty that an individual or an enterprise can retain without overly insuring, hedging, or mitigating. Accepting risk assumes various financial and organizational approaches meant to provide a financial buffer during risk materialization.
The concept of acceptable risk evolved partly from the realization that absolute safety is generally an unachievable goal, and that even very low exposures to certain toxic substances may confer some level of risk.
May 3, 2024 · Risk assessment examples, varying widely across industries and contexts, illustrate the diverse applications of risk assessment in identifying, analyzing, and addressing potential risks to individuals, organizations, and the broader community.
MOTIVATION WITHOUT FEAR Boelter’s interest in risk has prompted him to move away from technical committee work—developing new methods or developing allowable limits, for example—and into behavioral matters, such as how to help people make informed decisions.
The chapter offers several examples of the use of the term acceptable risk, and discussions that address the impossibility of achieving zero risk levels. It explores the inadequacy of “minimum risk” as a replacement term for “acceptable risk”.
