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As with occupational safety management, there are a number of risk management models that can be used depending on the risk profile of an organisation, but the internationally recognised standard ISO 31000 - Risk management – Guidelines [3] is a common starting point. Interestingly, there is no reference to safety within the standard.
Risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events. [1] [2] The results of this process may be expressed in a quantitative or qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences. [1] [3]
Together with risk assessment and risk management, risk communication aims to reduce foodborne illnesses. Food safety risk communication is an obligatory activity for food safety authorities [73] in countries, which adopted the Agreement on the Application of Sanitary and Phytosanitary Measures. Risk communication also exists on a smaller scale.
The system safety concept helps the system designer(s) to model, analyse, gain awareness about, understand and eliminate the hazards, and apply controls to achieve an acceptable level of safety. Ineffective decision making in safety matters is regarded as the first step in the sequence of hazardous flow of events in the "Swiss cheese" model of ...
At the heart of the prudential Solvency II directive, the own risk and solvency assessment (ORSA) is defined as a set of processes constituting a tool for decision-making and strategic analysis. It aims to assess, in a continuous and prospective way, the overall solvency needs related to the specific risk profile of the insurance company.
To increase the validity of a risk assessment, it is recommended that the assessment remain open for peer review and editing by food safety and science communities. A proper risk assessment is a constantly revolving process consisting of the following steps: (i) hazard identification, (ii) hazard characterization, (iii) exposure assessment, and ...
Risk assessment is defined in para4 of Annex A to the SPS agreement: The evaluation of the likelihood of entry, establishment or spread of a pest or disease within the territory of an importing Member according to the sanitary or phytosanitary measures which might be applied, and of the associated potential biological and economic consequences ...
That unmitigated risk is then compared against a tolerable risk target. The difference between the unmitigated risk and the tolerable risk, if the unmitigated risk is higher than tolerable, must be addressed through risk reduction of provided by the SIF. This amount of required risk reduction is correlated with the SIL target.