Lecture 9 - RH Flashcards
1
Q
What is the objective of a risk assessment?
A
To assess risk either in a retrospective manner or predictive manner
2
Q
What are some important aspects of a risk assessment?
A
Clear end points
Probabilistic methods
Clear consistent procedures
Emphasis on quantitative methods and results
3
Q
What is a risk?
A
Exposure x Effects
Likelihood x consequence
