Risk assessment

A risk assessment is the determination of quantitative or qualitative values representing the risk related to a particular course of action, and quantitative risk assessment is based on the calculation and combination the magnitude of the potential loss resulting from a risk, and the likelihood that that loss will occur, taking into account all assumptions and uncertainties. As such it varies from a purely ‘hazard’ based approach, which takes no account of the likelihood that a problem will occur, but rather only examines the seriousness of a problem should it occur. In agri-environmental terms, AERU have used a risk based approach in much of our work, so as to ensure that our assessment of impacts (or potential impacts) takes into account site specific factors, such as whether sensitive environments are present in the location that a potentially damaging process is occurring.

Example projects include:

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University of Hertfordshire
University of Hertfordshire, 2014.