Description
For item 1, write at least 500 words. For item 2, your comment/reply to a classmate will be separate, write at least 50 words total to one or more classmates (remember to be thoughtful, positive, and constructive). Note: Do NOT copy and paste. It is considered plagiarism. Use your own words. Cite your sources.
1. Provide a detailed analysis of Chapter 6 (PDF file) included in Week 9 Lecture Materials. Compare Chapter 6 (week 9) course materials with ASSE's RAI video "Risk ALARP Concepts".
2. Peer review. Comment to at least one classmate's post. With professional courtesy, provide additional analysis, constructive criticism, and additional facts and solutions. I want to see a paragraph of 50 words or more. (Note the word counter in the lower right corner of your posting window).
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Explanation & Answer
Attached.
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RISK EVALUATION AND ASSESSMENT
Risk Assessment and Evaluation
Student’s Name
Institutional Affiliation
Date
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RISK EVALUATION AND ASSESSMENT
Risk Assessment and Evaluation
Risk evaluation is very instrumental in making decisions on how to prioritize as well as
to treat risk. The process involves comparing the results obtained from risk analysis with preestablished risk criteria that are risk heat maps and ‘as low as reasonably practicable’ – ALARP.
When making these decisions, you should first consider the broader context of the risk both real
and perceived significances for internal as well as external stakeholders. The decisions made
should tally with the regulatory, civil and other requirements. Appropriate risk evaluation should
lead direct an entrepreneur towards considering risk treatment options, undertake furthe...