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Risk is the lack of certainty about the outcome of making a particular choice. Statistically, the level of downside risk can be calculated as the product of the probability that harm occurs (e.g., that an accident happens) multiplied by the severity of that harm (i.e., the average amount of harm or more conservatively the maximum credible amount of harm).
Software criticality levels range from A to E, corresponding to the severity of Catastrophic to No Safety Effect. Higher levels of rigor are required for level A and B software and corresponding functional tasks and work products is the system safety domain are used as objective evidence of meeting safety criteria and requirements. [citation ...
The tolerable level of these risks is specified as a safety requirement in the form of a target 'probability of a dangerous failure' in a given period of time, stated as a discrete SIL. Certification schemes, such as the CASS Scheme (Conformity Assessment of Safety-related Systems) are used to establish whether a device meets a particular SIL ...
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Construction site safety is an aspect of construction-related activities concerned with protecting construction site workers and others from death, injury, disease or other health-related risks. Construction is an often hazardous, predominantly land-based activity where site workers may be exposed to various risks, some of which remain ...
Scale values less than −2 reflect events for which there are no likely consequences, while Palermo Scale values between −2 and 0 indicate situations that merit careful monitoring. A similar but less complex scale is the Torino Scale , which is used for simpler descriptions in the non-scientific media.
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In these extremes, the natural occurrence may become an event that presents a risk to the environment or people. [18] For example, above-average wind speeds resulting in a tropical depression or hurricane according to intensity measures on the Saffir–Simpson scale will provide an extreme natural event that may be considered a hazard. [5]