Risk analysis

Question 1

What are the steps in a RA?

Answer 1

• define question
• identify all risk factors
• outline risk release pathway
• collect info
• assess risk
• evaluate interventions

Question 2

How do you define the question?

Answer 2

• which hazard are you evaluating
• time frame
• what is the consquence of it
• what is the pathway of introduction

Question 3

What is the best sources when collecting info?

Answer 3

• data
• literature
• experts (many)

Question 4

How do you assess the risk?

Answer 4

• qualitative
  
  • high or low risk
• quantitative
  
  • the probability of it happening
  • empirical or simulation
  • deterministic and stochastic

Question 5

Qualitative vs Quantitative

Answer 5

• Quantitative:
  
  • numeric
  • slower
  • but more profound
  • probabilty of risk
  • more precise
• Qualitative
  
  • less profound
  • faster
  • applicable in lots of situation
  • not numeric
  • less precise

Question 6

When is a risk classification done?

Answer 6

• qualitative risk assessment
• grouping of the risks depending on costs, impact, likelihood

Question 7

What is risk mitigation?

Answer 7

• steps taken to reduce the adverse effects