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Performing a probabilistic risk assessment starts with a set of initiating events that change the state or configuration of the system. [3] An initiating event is an event that starts a reaction, such as the way a spark (initiating event) can start a fire that could lead to other events (intermediate events) such as a tree burning down, and then finally an outcome, for example, the burnt tree ...
Example of risk assessment: A NASA model showing areas at high risk from impact for the International Space Station. Risk management is the identification, evaluation, and prioritization of risks, followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. [1]
Forest inventory is the systematic collection of data and forest information for assessment or analysis. An estimate of the value and possible uses of timber is an important part of the broader information required to sustain ecosystems. [1]
Risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events. [1] The results of this process may be expressed in a quantitative or qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences. [1] [2]
Risk accounting is an extension of management accounting, aiming to enhance corporate reporting by measuring and documenting the potential future financial effects of various non-financial risks. [1][3][4] These include cyber, supply chain, operational, environmental, geopolitical, conduct, fraud, model, and other types of risks. [1]
Tree health. Trees can live for a long time but eventually die, either from natural causes or killed by man. Ill-health of trees can be diagnosed, and early treatment, pruning or felling to prevent the spread may result in timber stocks and amenity trees being saved. Tree owners and Arborists /arboriculturists need to be aware of the risk posed ...
Life cycle analysis (LCA) is a method used to evaluate the environmental impact of a product through its life cycle encompassing extraction and processing of the raw materials, manufacturing, distribution, use, recycling, and final disposal.. ^ abcde "Life Cycle Assessment (LCA)". EPA.gov. Washington, DC.
Risk assurance. Risk assurance is often associated with accounting practices and is a growing industry whereby internal processes are developed to create a "checks and balances" system. These checks predominantly identify differences between risk appetite and real risk [ 1 ].Business risk refers to factors that can affect the company, both ...