ML17265A844

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Risk-Informed Decision Making Framework (Cheat Sheets)
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