May 20th, 2015
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A. T. Still University
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we can say that after the risks have been identified, risk management attempts to lessen their effects. This is done by applying a range of management techniques. For example, the risk may be lessened by taking out insurance or using derivatives or re-plan the whole project.

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CHAPTER 14QUANTIATIVE RISK ASSESSMENTThe purpose of this chapter is to provide an understanding of risk, how to assess it at a specific site, and what the numerical estimates of risk represent. The National Research Council defines risk assessment as: the characterization of the potential adverse health effects of human exposures to environmental hazardsRisk assessment also includes characterization of the uncertainties inherent in the process of inferring risk.Risk assessment is a tool for understanding the health and environmental hazards associated with hazardous waste and c

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