Definition of Risk-informed decisionmaking

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TeachMeFinance.com - explain Risk-informed decisionmaking



Risk-informed decisionmaking

The term 'Risk-informed decisionmaking' as it applies to the area of nuclear science can be defined as ' An approach to regulatory decisionmaking, in which insights from probabilistic risk assessment are considered with other engineering insights. For additional detail, see Risk Assessment in Regulation and the Fact Sheet on Nuclear Reactor Risk. '.

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About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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