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What is Risk Assessment and Cost Evaluation Methods about?

This document discusses applying a systematic approach to risk and cost evaluation through appropriate risk assessment and analysis. It outlines the key elements of conducting a risk assessment, including level setting, prioritizing operations, selecting analysis techniques, and qualitative and quantitative risk evaluation methods. The goal is to minimize risks to personnel, the public and environment while maximizing cost effectiveness through "safety by design" and risk-cost tradeoff analysis.

Author

johnny_cashed

Language

EN