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Management of Environmental Impacts by Alandra Kahl

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CHAPTER 5

Risk Perception and Management

5.1 INTRODUCTION

Risk is the probability that an event might occur after exposure. All activities comprise some risk; it cannot be eliminated, only mitigated. Risk is identified by first formulating or scoping the problem. If there is a problem with the current condition, then the avenues for altering that condition to a nonadverse effect are explored. At this stage, risk assessment takes place to evaluate possible risk management options.

Risk has several definitions. It can be the probability that an event will occur and project objectives will not be met (project risk), the probability that a performance objective will not be met (performance risk), or the simple consequence of not meeting a goal. A ...

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