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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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Australasian New Car Assessment Program: ANCAP: 1993: Canberra, Australia Japan New Car Assessment Programme: JNCAP: 1995: Tokyo, Japan European New Car Assessment Programme: Euro NCAP: 1996: Leuven, Belgium Korean New Car Assessment Programme: KNCAP: 1999: Seoul, South Korea China – New Car Assessment Programme: C-NCAP: 2006: Tianjin, China ...
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 assessment method does not require measurements of individual distresses, and thus PASER ratings cannot be disaggregated into measurements of specific distress types. The advantage to this method is that roads may be assessed quickly, possibly even by "windshield survey." A primary disadvantage is that because PASER ratings cannot be ...
In this context, risk is the combination of the frequency (likelihood) and the consequence of a specified hazardous event. Several factors are likely to be considered when deciding whether or not a risk has been reduced as far as reasonably practicable: [3] [4]
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.