Risk Evaluation Methods

Method Sort ascending Description

Method Sort ascending	Description
ALARP	The ALARP (As Low as Reasonably Practicable) principle is based on the fundamental thinking of ‘acceptable’ or ‘tolerable’ risks. It allows analysts and decision makers to define boundaries to combine probability-consequence scales. These boundaries can be used to delineate acceptable and intolerable risks. This allows decision makers to evaluate whether a system or process poses certain risks which need to be treated using risk-control options. The ALARP principle can easily be combined with tools such as Risk Matrices to graphically represent the boundaries of risk tolerability.

ALARP

The ALARP (As Low as Reasonably Practicable) principle is based on the fundamental thinking of ‘acceptable’ or ‘tolerable’ risks. It allows analysts and decision makers to define boundaries to combine probability-consequence scales. These boundaries can be used to delineate acceptable and intolerable risks. This allows decision makers to evaluate whether a system or process poses certain risks which need to be treated using risk-control options. The ALARP principle can easily be combined with tools such as Risk Matrices to graphically represent the boundaries of risk tolerability.