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for risk management, we need to ________ risks, benefits, and costs, and also consider the social ___________ of the decisions
balance, contexts
what are the 5 major steps in risk management?
risk ___________ (information from risk assessment)
risk ____________ (compare the estimated risk)
risk ____________ (share info with stakeholders)
risk _________ (select and implement measures to reduce exposure)
risk _________ and review (track exposures, outcomes, and the effectiveness of interventions
characterization, evaluation, communication, control, monitoring
an acceptable risk is needed: but different disciplines have different _____________ that may change overtime
standards
what is risk evaluation? compare to ____________ of acceptable risk or other __________ for “risk-risk” analysis
guidlines, risks
what is risk perception? it is the subjective __________ that people make about the characteristics and severity of a risk
judgement
experts try to evaluate risk using numbers and ___________ and relative ranking
statistics
the public evaluate and rank risks intuitively, paul slovic model, _________ and psychological factors, and risk fueled by ________ rather than facts
emotional, fueled
what are dread factors? uncontrollable, involuntary, ________ consequences
fatal
what are unknown factors? ______ observable, delayed effects, lack of scientific understanding
not
what is risk communication? defined as the purposeful ________ of information about existence, nature, form, severity, or acceptability of risk
exchange
what are the objectives of risk communication?
to ________ the public or decision makers to a significant risk (perceived risk < actual risk)
to ________ concerns about a small risk (actual risk < perceived risk)
alert, calm
what is risk control focusing on the exposure? control at the _________, along the __________, and at the level of the person
source, path
what is risk monitoring? considered as a form of auditing the _____________ of the risk management actions through routine ________ of various key factors and automation in __________ collection and dashboard presentation
effectiveness, checking, data