In my previous article i defined risk engineering and some carer opportunity associated with risk engineering and safety management.
In this article we are going to discuss on risk analysis
RISK ANALYSIS
Risk analysis can be defined in different perspective base on
how risk analysis relates to other concepts.
It may be "broadly defined to
include risk assessment , risk characterization,
risk communication, risk management , and
policy relating to risk, in the context of risks of
concern to individuals, to public- and private-
sector organizations, and to society at a local,
regional, national, or global level." Is better to divide risk analysis into two
components: (a)
risk assessment (identifying,
evaluating, and measuring the probability and
severity of risks) and (b)
risk management. some authors define risk management as the overarching
concept, where risk analysis is the component
that seeks to identify and measure the risks
and risk mitigation is determining what to do
about the risks.
Risk analysis can be qualitative or
quantitative.
You May Read:
Risk Analysis in Engineering
Quantitative risk analysis
Quantitative risk analysis seeks to numerically assess probabilities
for the potential consequences of risk, and is
often called probabilistic risk analysis or
probabilistic risk assessment (PRA)
Pseudo-quantitative risk
assessment
This
generally assign numbers to the likelihood and
consequences for a risk but do not build a
mathematical model of the risk as suggested
by PRA.
Risk Engineering Analysis
In our next article we may review on Risk analysis in engineering
