Acceptable risk

FJ

Given current economic, social, political, technical, cultural, and environmental conditions, acceptable risk is the degree of possible losses that a society or group finds tolerable. In engineering terms, acceptable risk is also used to assess and define the structural and non-structural measures required to reduce potential harm to people, property, systems, and services to a tolerated level, according to codes or “accepted practice” based on known hazards and other factors.

References

  • HG (2020, February 22). Common Terminologies (A-z) Of Disaster Risk Reduction & Management. Humanitarian Global. Retrieved December 6, 2023, from Link

 

Sponsored Advertisement
Sponsored Advertisement