rpra7 - Engineering Risk Benefit Analysis 1.155 2.943 3.577...

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RPRA 7. Risk Management 1 Engineering Risk Benefit Analysis 1.155, 2.943, 3.577, 6.938, 10.816, 13.621, 16.862, 22.82, ESD.72 RPRA 7. Risk Management George E. Apostolakis Massachusetts Institute of Technology Spring 2007
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RPRA 7. Risk Management 2 The Risks We “Accept” Annual Individual Occupational Risks All industries 7x10 -5 Coal Mining: 24x10 -5 Fire fighting: 40x10 -5 Police: 32x10 -5 US President 1,900x10 –5 Annual Public Risks Total 870x10 -5 Heart Disease 271x10 -5 All cancers 200x10 -5 Motor vehicles: 15x10 -5 Source: Wilson & Crouch, Risk/Benefit Analysis, Harvard University Press, 2001.
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RPRA 7. Risk Management 3 Risk Acceptance Voluntary vs. involuntary risks. Adequate protection of public health and safety. Unacceptable vs. tolerable risks.
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RPRA 7. Risk Management 4 Risk cannot be justified save in extraordinary circumstances Control measures must be introduced for risk in this region to drive residual risk towards the broadly acceptable region Level of residual risk regarded as insignificant -- further effort to reduce risk not likely to be required UNACCEPTABLE REGION TOLERABLE REGION BROADLY ACCEPTABLE REGION Increasing individual risks and societal concerns “Acceptable” vs. “Tolerable” Risks (UK Health and Safety Executive)
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RPRA 7. Risk Management 5 NASA Integrated Action Team Definition Acceptable Risk is the risk that is understood and agreed to by the program/project, Governing Program Management Council (GPMC), and customer sufficient to achieve defined success criteria within the approved level of resources. Each program/project is unique.
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This note was uploaded on 11/08/2011 for the course AERO 16.851 taught by Professor Ldavidmiller during the Fall '03 term at MIT.

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rpra7 - Engineering Risk Benefit Analysis 1.155 2.943 3.577...

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