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In the British Civil Service and other departments of the United Kingdom government, traffic light colours are used as a coding system for good or bad performance, usually known as a 'RAG rating'—Red, Amber, Green. For example, a red workload performance would mean inadequate, amber would mean reasonable, and green would mean good.
Risk is the lack of certainty about the outcome of making a particular choice. Statistically, the level of downside risk can be calculated as the product of the probability that harm occurs (e.g., that an accident happens) multiplied by the severity of that harm (i.e., the average amount of harm or more conservatively the maximum credible amount of harm).
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Rag (typography), the ragged edge of a block of text; Recombination-activating gene, encoding enzymes RAG-1 and RAG-2; RAG rating (Red, Amber, Green), a traffic light rating system; Rags (dog) (1916–1936), 1st Infantry Division (United States) mascot in World War I; The Rag (club), alternative name for the Army and Navy Club in London
The PASER scale is a 1-10 rating system for road pavement condition developed by the University of Wisconsin-Madison Transportation Information Center. PASER uses visual inspection to evaluate pavement surface conditions. When assessed correctly, PASER ratings provide a basis for comparing the quality of roadway segments. [1]
From 1979 through October 2016, Consumer Reports used a modified type of Harvey ball in product ratings and had even incorporated one into its logo. [5] Some of the symbols used for Harvey balls are also used in other fields to represent other types of information: [6]
In essence, each order of magnitude of risk reduction that is required correlates with an increase in SIL, up to a maximum of SIL4. Should the risk assessment establish that the required SIL cannot be achieved by a SIL4 SIF, then alternative arrangements must be designed, such as non-instrumented safeguards (e.g, a pressure relief valve). [1]
A key risk indicator (KRI) is a measure used in management to indicate how risky an activity is.Key risk indicators are metrics used by organizations to provide an early signal of increasing risk exposures in various areas of the enterprise.