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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).
FSMA-compliant Hazard Analyses address radiological hazards in addition to the chemical, biological and physical hazards covered by HACCP systems. [16] FSMA explicitly requires a Food Defense component, with both terrorism and Economically Motivated Adulteration addressed. Businesses with less than $10,000,000 a year in sales are exempt.
ANSI/GEIA-STD-0010-2009 (Standard Best Practices for System Safety Program Development and Execution) is a demilitarized commercial best practice that uses proven holistic, comprehensive and tailored approaches for hazard prevention, elimination and control. It is centered around the hazard analysis and functional based safety process.
A vulnerability assessment is the process of identifying, quantifying, and prioritizing (or ranking) the vulnerabilities in a system. Examples of systems for which vulnerability assessments are performed include, but are not limited to, information technology systems, energy supply systems, water supply systems, transportation systems, and communication systems.
A hazard and operability study (HAZOP) is a structured and systematic examination of a complex system, usually a process facility, in order to identify hazards to personnel, equipment or the environment, as well as operability problems that could affect operations efficiency.
A simple element of risk quantification is often introduced in the form of a risk matrix, as in preliminary hazard analysis (PreHA). The selection of the methodology to be used depends on a number of factors, including the complexity of the process, the length of time a process has been in operation and if a PHA has been conducted on the ...
A 2002 paper then applied a vulnerability indexing model to analysis of vulnerability to sea level rise for a US coastal community. [18] At a 2008 Capacity Building Seminar at Oxford, the "Climate Vulnerability Index" [1] was presented with an application to the protection of tourist economies, which may be important to small island states and ...
The CVSS assessment measures three areas of concern: base metrics for qualities intrinsic to a vulnerability, temporal metrics for characteristics that evolve over the lifetime of vulnerability, and; environmental metrics for vulnerabilities that depend on a particular implementation or environment.