Risk Evaluation Approaches- ALARP Vs AFAP

As-Iow-as-reasonably-practicable approach(ALARP) - is that the residual risk shall be reduced as far as reasonably practicable and this approach can be used as part of risk control options analysis. Risks for which the probability cannot be estimated would normally use the as-low-as-reasonably-practicable approach. the ALARP concept contains legal interpretation of the regulatory process that promotes financial consideration …

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