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Residual Risk Reduction - Systematically Deciding What is “Safe”


Summary: When risk assessment examines how risk is generated within systems, it allows the organization to more effectively assess what may-and may not-be acceptable. This article describes Residual Risk Reduction, a risk assessment technique used to subjectively examine the situation in which risk exists and objectively examine the extent of risk for specific harmful events, demonstrate risk reduction from interventions and provide a leading measure of safety effectiveness.


 

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