IEC 31010:2019
Clause 6.1: Plan the assessment – IEC 31010:2019

IEC 31010:2019 6.1.6.2: 6.1.6.2 Criteria for deciding whether risk can be accepted

Criteria for how much risk is acceptable in pursuit of objectives (often called risk appetite) are defined by specifying a technique or parameter that gauges magnitude with a limit beyond which risk is unacceptable, or by acceptable variation in performance measures. Limits can depend on potential reward and differ by consequence type, for example financial versus human life. Examples of considerations are risk-bearing capacity tested with stress scenarios, ALARP, ALARA or SFAIRP duties in some jurisdictions, the globally-at-least-equivalent principle and cost/benefit measures.

Maintained by Gerard Blokdyk

Other controls in Clause 6.1: Plan the assessment – IEC 31010:2019

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