TeachMeFinance.com - explain Risk-informed regulation
Risk-informed regulation The term 'Risk-informed regulation' as it applies to the area of nuclear science can be defined as ' An approach to regulation taken by the NRC, which incorporates an assessment of safety significance or relative risk. This approach ensures that the regulatory burden imposed by an individual regulation or process is appropriate to its importance in protecting the health and safety of the public and the environment. For additional detail, see Risk Assessment in Regulation and the Fact Sheet on Nuclear Reactor Risk. '.
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