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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.
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.
Space agency managers accept that it could be dangerous, but class the flaw as an 'acceptable risk'.
Sep 29, 2022 · Accepting risk, or risk retention, is a conscious strategy of acknowledging the possibility for small or infrequent risks without taking steps to hedge, insure, or avoid those risks.
Acceptable risk. The level of potential losses a society or community considers acceptable given existing social, economic, political, cultural, technical, and environmental conditions.
Learn the definition and context of acceptable risk in public health and environmental regulation. Find out how the term varies depending on the substance, factor, and ethical perspective.
Apr 3, 2018 · Raises awareness of potential hazards and risks on site. Identifies who or what may be at risk. Quantifies potential costs any risks entail. Highlights any shortcomings in...
