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5 Key Principles of Risk-Informed Regulation | 5 Key Principles of Risk-Informed Regulation | ||
* Applicable regulations | *Applicable regulations | ||
* Defense in depth | *Defense in depth | ||
* Safety margins | *Safety margins | ||
* Risk assessment | *Risk assessment | ||
* Performance monitoring 3 | *Performance monitoring 3 | ||
5 Step Process for Decision Making | 5 Step Process for Decision Making | ||
Latest revision as of 09:22, 8 January 2025
| ML17265A844 | |
| Person / Time | |
|---|---|
| Issue date: | 08/02/2017 |
| From: | Samson Lee Special Projects and Process Branch |
| To: | |
| Lee S/DORL-LSPB/301-415-3168 | |
| References | |
| Download: ML17265A844 (4) | |
Text
Risk-Informed Decision Making Framework Cheat Sheets
Risk Triplet The Risk Triplet helps us to get a ball-park idea of the relative risk of an issue or activity This is done qualitatively by asking:
- What can go wrong?
- How likely is it?
- What are the consequences?
2
5 Key Principles of Risk-Informed Regulation
- Applicable regulations
- Defense in depth
- Safety margins
- Risk assessment
- Performance monitoring 3
5 Step Process for Decision Making
- 1. Characterize the issue (including initial risk estimate)
- 2. Define decision options
- 3. Assess each option (5 key principles +)
- 4. Integrate assessment of options and make recommendation
- 5. Communicate assessment and recommendation 4