Terms

Question 1

ALARP

Answer 1

As Low as Reasonable Practicle - A principle stating that risk should be reduced to a level that is as low as reasonable practicle, unless the it can be demonstrated tat the cost are in gross disproportion to the benefits gained

Question 2

Risk

Answer 2

A,C,U - Risk is the consequences C of the activity A, and assosiated uncertainties U

Question 3

Vulnerability

Answer 3

C, U|A - The consequences C and assosiated uncertainties, given an event A (Risk source)

Question 4

Resiliance

Answer 4

The systems ability to restore to its basic functionality following an event, risk source. Is an aspect of vulnerability.

Question 5

Safety

Answer 5

Acceptable level of risk, antonym of risk

Question 6

Security

Answer 6

Acceptable level of risk, when we restricting risk to intentional, malicious acts by intellegent actors

Question 7

Risk Characterization

Answer 7

A’, C’, Q (P og SoK), K

Question 8

Black Swan

Answer 8

Extreme, surprising event relative to one’s knowledge

Question 9

FAR

Answer 9

Fatal Accident Rate, expected fatalities per 100 mill exposed hours

Question 10

PLL

Answer 10

Potential Loss of Lives,fatalities per year

Question 11

ICAF

Answer 11

Implied Cost of Averting a Fatality

Question 12

Subjective probability

Answer 12

(P|K) The assesors has the same degree of belief that event A will happen, as drawing a red ball out of an urn with 10 balls, containing x red balls

Question 13

Frequentists probability

Answer 13

Is the fraction of time the event considered occurs if the situations can be repeated infinetely many times under similiar conditions. Captures variation.

Question 14

IR

Answer 14

Individual Risk - Probability that a specific person is killed in a year.

Question 15

Generic Risk Analysis

Answer 15

Covers generic concepts, principles, approaches and methods to understand, assess, characterize, communicate, manage and govern risk.

Question 16

Applied Risk Analysis

Answer 16

Concepts, principles, approaches, methods and models for risk analysis for specific activities.

Question 17

Risk mitigation

Answer 17

Reduction of vulnerability given an event

Question 18

Risk management

Answer 18

Refers to all activities used to address risk:
- Reduction
- Avoidance
- Sharing
- Acceptance

Question 19

Risk prevention

Answer 19

Lowering the probability or eliminating the risk source completely.

Question 20

Pre-/Cautionary principle

Answer 20

If the consequences of the activity could be serious and subject to (pre: scientific) uncertainties, then cautionary measurement should be taken, or the activity should not be carried out.

Question 21

Diagram with dread and newness

Answer 21

psychometric paradigm

Question 22

Risk perception

Answer 22

Is a persons subjective judgement or appraisal of risk, taking into account social, cultural and psychological factors.

Question 22

Multiattribute analysis

Answer 22

An approach where the goal is not to transform all various concerns into one dimention, but to provide judgements on each attribute, using both qualitative and quantitative methods

Question 22

Reliability

Answer 22

The systems ability to work as intended

Question 22

Imprecise probability

Answer 22

=> / <=

Question 23

VSL

Answer 23

Value of a Statistic Life

Question 23

Risk assessment

Answer 23

Risk analyse, risk evaluation. What can happen, how can it happen, what are the consequenes.

Question 23

Risk Communication

Answer 23

Covers exchange or sharing of risk related data, information and knowledge among or between different target groups, such as stakeholders, consumers, media and general public.

Main aim is to improve the understanding of risk in order to make appropriate judgements and decisions.

Question 23

Bias and heauristics

Answer 23

cognitive processes and mental shortcuts that influence how we perceive information

Question 24

Affect

Answer 24

Anything related to emotions/persons feeling.
- dread
- fear
- lack of control
-unfamiliarity

Question 25

Knowledge

Answer 25

Justified beliefs

Question 25

Risk Science

Answer 25

The most updated and justified beliefs (knowledge) on concepts, principles, approaches and methods on how to understand, assess, characterize, communicate, perceive, manage and govern risk.