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    Definitions


    Nadine Cranenburgh

    Below is a non-exhaustive list of definitions relevant to risk engineering with links to further information. This list is under construction and will develop as REBOK matures.

    • Risk profile: the nature, demographic or identity of a particular risk. It is used to characterise the degree or nature of the risk for the situation in hand and is usually expressed as extreme, high, medium or low
    • Inherent risk: Usually a risk which is untreated or for which controls are not yet in place. This is used as a reference to assess or evaluate the risk before it is treated
    • Residual risk: Generally the risk which remains after control measures have been put in place. It is used to evaluate or assess the risk after treatment
    • Current state: the existing risk under the current circumstances, which is used when evaluating risk
    • Future/target state: the predicted future risk state which is used as a reference when assessing or evaluating risk under proposed future circumstances
    • ALARP: As low as reasonably practicable
    • SFAIRP: So far as is reasonably practicable

    Sources

    The information on this page was primarily drawn from:

    Edited by Nadine Cranenburgh

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