risk

Hayes: There are times when the machinery builder and purchaser of the machine have different definitions of what is acceptable risk or how you get there.

The final details of the project's execution are still under discussion and will be defined to ensure 'an effective scheme in the best interest of the project', as well as an acceptable risk profile for the parties involved, says METKA

We are committed to a prudent and acceptable risk management framework while playing a supportive role to the local economy."

If the visibility under the overcast is unlimited and if you know the terrain well, it may be an acceptable risk. If not one or the other, well, taxis are cheaper than funerals.

"However, there is a level of acceptable risk that everyone has to adopt before they look at security."

"Carrying on with the current arrangements is not acceptable and we need to arrive at a position where factual evidence and financial management is based on an agreed level of acceptable risk being adopted in order to protect the Council.

The PDR is a comprehensive review that demonstrates that the design meets all system requirements within acceptable risk constraints, establishing approval for proceeding with detailed design.

An acceptable risk is often 1 in 106 additional events over a lifetime.

If I had to cite just one contribution Tom Ryan has made to CVS--and he's made many --it would be the fact that he brought a culture of acceptable risk to an organization that could perhaps accurately be described, before Tom's arrival, as risk-averse or conservative.

It's sad, but I think it's an acceptable risk. Nobody can tell me the people involved don't care."

He notes that the basis of nuclear safety regulatory frameworks - rules promulgated by the International Atomic Energy Agency (IAEA) and subsumed into national codes - revolves around the concepts of acceptable risk' and tolerable consequence'.

They also take care to determine the acceptable risk limits for each product on both an individual and aggregate basis.