• assess
  • The Facility Risk Assessment is used to clearly assess all the factors which affect the security, reliability and energy efficiency of your IT operations, and to make qualified recommendations for optimization measures which will increase the security and efficiency of your data center. (fujitsu.com)
  • A team from the University of Leicester, led by Professor Melanie Davies from the Department of Cardiovascular Sciences and Professor Kamlesh Khunti from the Department of Health Sciences, has developed an easy way for people to assess their risk of having diabetes. (redorbit.com)
  • are not the failure of internal controls, examination of financials, or Sarbanes-Oxley, but they are the result of a more fundamental flaw in governance: Failure to assess, and advise the board of an understandable assessment of, risks to the enterprise of these organizations. (lexology.com)
  • Two such persons in most organizations would be the chief legal officer who is trained to assess and report risks and the chief financial officer who often must quantify risks. (lexology.com)
  • The PREDICT program will develop a management team and workforce that is able to continuously look for hazards, assess and manage risk, and recognize and handle situational changes. (intertek.com)
  • Most robust prioritization processes are based on risk assessment principles because these directly assess the likelihood of not achieving acceptable performance against each relevant management objective. (fao.org)
  • Individually assess the specific risk or relative priority for each identified issue. (fao.org)
  • Some organisations use the risk outputs to assess the implied cost to avert a fatality (ICAF) which can be used to set quantified criteria for what is an unacceptable risk and what is tolerable. (wikipedia.org)
  • It serves to require the auditor to understand the client's accounting system and internal control system and to assess control risk and inherent risk. (wikipedia.org)
  • It aims to assess, in a continuous and prospective way, the overall solvency needs related to the specific risk profile of the insurance company. (wikipedia.org)
  • management
  • We have a free and confidential diabetes risk assessment and management clinic to assist you in managing your diabetes or reducing your risk of developing type two diabetes. (edu.au)
  • Charge appropriate members of management with responsibility for assessing, and reporting to the board their assessments of, enterprise risk. (lexology.com)
  • Order periodic assessments of risks to the enterprise by someone independent of management. (lexology.com)
  • This is the risk that a particular company will fail due to poor management, lessening of market share, or perhaps a lowering in consumer demand. (wizzley.com)
  • To determine the priorities for the fishery, the approach taken is to ask - what is the 'risk' that the current fishery management system will not meet its agreed objectives for each of the identified issues? (fao.org)
  • Part of the difficulty in risk management is that both the quantities by which risk assessment is concerned - potential loss and probability of occurrence - can be very difficult to measure. (wikipedia.org)
  • In theory, both are of near equal priority, but in practice it can be very difficult to manage when faced with the scarcity of resources, especially time, in which to conduct the risk management process. (wikipedia.org)
  • At the systematic level, management involved with the project produce project level risk assessments with the assistance of the available expertise as part of the planning process, and set up systems to ensure that required actions to manage the assessed risk are in place. (wikipedia.org)
  • Including Pathogen Risk in Life Cycle Assessment of Wastewater Management. (wikipedia.org)
  • SFRAs are primarily produced by local planning authorities, in consultation with the Environment Agency, and are intended to "form the basis for preparing appropriate policies for flood risk management" at the local level. (wikipedia.org)
  • So risk assessment and risk management are legally separate activities (Regulation (EC) No. 178/2002). (wikipedia.org)
  • For it to be beneficial to the overall risk management and decision making process, it must be able to capture extreme and catastrophic events. (wikipedia.org)
  • Significant accounts and disclosures are in-scope for assessment, so management typically includes this information in its documentation and generally performs this analysis for review by the auditor. (wikipedia.org)
  • Commission on Risk Assessment and Risk Management (also known as Presidential/Congressional Commission on Risk Assessment and Risk Management) was a commission authorized as part of the Clean Air Act Amendments of 1990 to develop recommendations for how the United States Environmental Protection Agency would perform risk assessment as a part of developing air quality requlations. (wikipedia.org)
  • The commission issued a report to the United States Congress in 1997 that "recommended a scheme for residual risk assessment as well as a framework for environmental health risk management. (wikipedia.org)
  • The framework recommended contained six components with the goal of the framework to provide an evaluation process "that instead of evaluating risks singly and in isolation from each other, they are evaluated in the context of the risk management decision to be made and in the context of public health. (wikipedia.org)
  • The six components of the framework were: Problem/context Risks Options Decisions Actions Evaluation These components of the framework act as a series of milestones as a part of the risk management process. (wikipedia.org)
  • This can be contrasted with 'risk management', which takes into account the result of the risk assessment in addition to the social values and politics. (wikipedia.org)
  • Risk management seeks to establish the level of risk a particular society is willing to take in relation to the potential harm and the corresponding SPS measure. (wikipedia.org)
  • In addition to these resources, we have also sought to incorporate and adapt ideas and concepts from an additional, diverse range of sources, including a wide range of international information standards, many with their basis in the risk management industry aiming to broaden ever further the perspectives that our international colleagues have already established. (wikipedia.org)
  • Risk Management and own risk and solvency assessment is a similar regulation that has been enacted in the US by the NAIC. (wikipedia.org)
  • The second pillar of Solvency II plans to complete the quantitative capital requirements with quality requirements and a global and appropriate risk management system. (wikipedia.org)
  • In an operational way, the ORSA is part of global process of enterprise risk management (ERM). (wikipedia.org)
  • The ORSA is voluntarily defined broadly by the regulation to encourage insurers to question themselves on the framework of an internal system dedicated to control and risk management. (wikipedia.org)
  • Article 45 of Solvency 2 directive framework (extracts) As part of its risk-management system every insurance undertaking and reinsurance undertaking shall conduct its own risk and solvency assessment. (wikipedia.org)
  • FRAs
  • FRAs consist of a detailed analysis of available data to inform the Environment Agency of flood risk at an individual site and also recommend to the developer any mitigation measures. (wikipedia.org)
  • hazards
  • Because there are so many potential hazards affecting the safe operation of motor vehicles, risk analysis tend to focus mainly on risk estimation, i.e. quantifying and comparing collision-involvement rates for different combinations of drivers, vehicles and environments. (hofstra.edu)
  • Be aware of anything that is likely to be of risk to your group, such as: areas which are roped off, or tripping or slipping hazards. (yorkminster.org)
  • For the general case, the hazards may include both types of exposure, and the procedures for assessment of the associated risk differ in detail. (wikipedia.org)
  • The following specialised groups are established in the department: "Crisis Prevention and Coordination", "Risk Research, Perception, Early Detection and Impact Assessment", "Press and Public Relations", BfR Academy A key task of the department for Exposure is the analysis, modelling and estimation of consumer exposure to the undesirable substances and microbiological hazards to be assessed by the BfR. (wikipedia.org)
  • Calculation
  • Commonly a HRA incorporates three key elements - an extended questionnaire, a risk calculation or score, and some form of feedback i.e. face-to-face with a health advisor or an automatic online report. (wikipedia.org)
  • assumptions
  • Risk assessment consists of an objective evaluation of risk in which assumptions and uncertainties are clearly considered and presented. (wikipedia.org)
  • The spectrum of risks across classes of events are also of concern, and are usually controlled in licensing processes - it would be of concern if rare but high consequence events were found to dominate the overall risk, particularly as these risk assessments are very sensitive to assumptions (how rare is a high consequence event? (wikipedia.org)
  • Though they have limitations, the 2D hazard zone and simplified approach to 3D dispersion modelling allow the handling of large volumes of risk results with known assumptions to assist in decision-making. (wikipedia.org)
  • c) the significance with which the risk profile of the undertaking concerned deviates from the assumptions underlying the Solvency Capital Requirement. (wikipedia.org)
  • England and W
  • They can part of a due-diligence process for existing householders or businesses, or can be required in England and Wales to provide independent evidence to a planning application on the flood risk. (wikipedia.org)
  • In England and Wales, the Environment Agency requires a professional Flood Risk Assessment (FRA) to be submitted alongside planning applications in areas that are known to be at risk of flooding (within flood zones 2 or 3) and/ or are greater than 1ha in area, planning permission is not usually granted until the FRA has been accepted by the Environment Agency. (wikipedia.org)
  • estimation
  • Risk characterization includes two major components: risk estimation and risk description. (epa.gov)
  • Even though for some risks R i , R j {\displaystyle R_{i},R_{j}} , we might have R i = R j {\displaystyle R_{i}=R_{j}} , if the probability p ( L j ) {\displaystyle p(L_{j})} is small compared to p ( L i ) {\displaystyle p(L_{i})} , its estimation might be based only on a smaller number of prior events, and hence, more uncertain. (wikipedia.org)
  • involves
  • The process involves measuring known microbial pathogens or indicators and running a Monte Carlo simulation to estimate the risk of transfer. (wikipedia.org)
  • TDRA is a hierarchical framework that involves applying specific risk factors to determine the scope and evidence required in the assessment of internal control. (wikipedia.org)
  • This involves the following steps: Under the PCAOB AS 5 guidance, the auditor is required to determine whether an account is "significant" or not (i.e., yes or no), based on a series of risk factors related to the likelihood of financial statement error and magnitude (dollar value) of the account. (wikipedia.org)
  • remit
  • The BfR has the statutory remit of communicating risks and informing the public about possible health risks and the research findings on which they are based in the fields of food safety, chemicals safety and product safety. (wikipedia.org)
  • ILGRA meetings and resultant reports tend to focus predominantly on health, safety and environmental risks, although its remit is not confined to this areas exclusively. (wikipedia.org)
  • probabilistic
  • Probabilistic Risk Assessment usually answers three basic questions: What can go wrong with the studied technological entity or stressor, or what are the initiators or initiating events (undesirable starting events) that lead to adverse consequence(s)? (wikipedia.org)
  • outcomes
  • If a number of issues have high or unacceptable 'risk' ratings, additional prioritization that considers their relative importance to community outcomes may be needed to determine which of these issues should be addressed, or in what order. (fao.org)
  • Which of the high risk issues is/are considered to be the most important to address, based either on its alignment with the high level objectives, or if it affects the most outcomes. (fao.org)
  • It analyzed recidivism risk scores calculated by one of the most commonly used tools, the Northpointe COMPAS system, and looked at outcomes over two years, and found that only 61% of those deemed high risk actually committed additional crimes during that period and that African-American defendants were far more likely to be given high scores that white defendants. (wikipedia.org)
  • Tools that are currently employed in risk assessment are often sufficient, but model complexity and limitations of computational power can tether risk assessors to involve more causal connections and account for more Black Swan event outcomes. (wikipedia.org)
  • Centered within this series of activities were the engagement of stakeholders, people who had some kind of an interest in the outcomes of the risk assessment and the measures put into place to manage the risk at an acceptable level. (wikipedia.org)
  • impacts
  • These questions may be about potential risks such as impacts on the aesthetic value of a place due to physical alterations, effects of pollution on endangered species, or the consequences of long-term release of contaminants to an ecosystem. (epa.gov)
  • PPS 25 was designed to "strengthen and clarify the key role of the planning system in managing flood risk and contributing to adapting to the impacts of climate change. (wikipedia.org)
  • Impacts in terms of risk and solvency should supply into upstream strategic decisions. (wikipedia.org)
  • HRAs
  • Health risk assessments are often referred to as HRAs, which can be confusing since HRAs also commonly refer to health reimbursement arrangements, which are quite a different kettle of fish. (shrm.org)
  • estimate
  • If the risk estimate takes into account information on the number of individuals exposed, it is termed a "population risk" and is in units of expected increased cases per a time period. (wikipedia.org)
  • If the risk estimate does not take into account the number of individuals exposed, it is termed an "individual risk" and is in units of incidence rate per a time period. (wikipedia.org)
  • Molecular risk assessment is a procedure in which biomarkers (for example, biological molecules or changes in tumor cell DNA) are used to estimate a person's risk for developing cancer. (wikipedia.org)
  • QMRA has expanded to be used to estimate microbial risk in many fields, but is particularly important in assessments of food water supply and human faeces/wastewater safety. (wikipedia.org)
  • stressors
  • A key part of EPA's mission is understanding the potential effects of stressors such as those described above and managing risks from them in order to protect the health of the natural environment, and the natural resources that people rely on. (epa.gov)
  • methods
  • To assist compare priorities among issues that may have similar individual risk scores or levels, simple informal vote ranking methods are especially useful where the comparison of priorities is among different social or economic issues. (fao.org)
  • HRA deals with methods for modeling human error while CCF deals with methods for evaluating the effect of inter-system and intra-system dependencies which tend to cause simultaneous failures and thus significant increase in overall risk. (wikipedia.org)
  • assessors
  • Empower the identified risk assessors with direct access to, and with the responsibility to be available upon call of, the board and its committees. (lexology.com)
  • This access and availability should include periodic meetings of each of these identified risk assessors separately with the board in executive session. (lexology.com)
  • It is therefore very important for risk assessors to minimize confirmation bias by carrying out their analysis and publishing their results with minimal involvement of external factors such as politics, media, and advocates. (wikipedia.org)
  • In reality, however, it is nearly impossible to break the iron triangle among politicians, scientists (in this case, risk assessors), and advocates and media. (wikipedia.org)
  • Risk assessors need to be sensitive to the difference between risk studies and risk perceptions. (wikipedia.org)
  • questionnaire
  • This has prompted some to use the term 'health risk questionnaire' instead, but 'health risk assessment' remains the term of art. (shrm.org)
  • When employees complete the first step, which is a biometric screening to provide the readings necessary to allow employees to fill out the health risk questionnaire, those employees receive a $25 gift card. (shrm.org)
  • A health risk assessment (HRA) is a health questionnaire, used to provide individuals with an evaluation of their health risks and quality of life. (wikipedia.org)
  • This culminated in the publication of How to Practice Prospective Medicine in 1970 - a guide for practising physicians, which outlined the health risk assessment questionnaire, risk computations and patient feedback strategies. (wikipedia.org)
  • inherent risk
  • Both significance and misstatement risk are inherent risk concepts, meaning that conclusions regarding which accounts are in-scope are determined excluding the effectiveness of controls. (wikipedia.org)
  • understandable
  • Scientific findings must be communicated in a transparent and understandable manner in order to promote rational handling of risks. (wikipedia.org)
  • material misstatement
  • The key SEC principle related to establishing the scope of controls for testing may be stated as follows: "Focus on controls that adequately address the risk of material misstatement. (wikipedia.org)
  • likelihood
  • Risk with a large potential loss and a low probability of occurrence is often treated differently from one with a low potential loss and a high likelihood of occurrence. (wikipedia.org)
  • In a PRA, risk is characterized by two quantities: the magnitude (severity) of the possible adverse consequence(s), and the likelihood (probability) of occurrence of each consequence. (wikipedia.org)
  • Health
  • The development of the field of risk assessment was fostered by a series of unrelated but significant health studies and was based very much on the dual development of probability theory and scientific method. (hofstra.edu)
  • Health risk assessments have become important tools to help employees understand and start managing their health. (shrm.org)
  • However, getting employees to fill out a risk assessment and, more importantly, to use the resulting insight to become proactive about their health is a challenge of its own. (shrm.org)
  • According to a survey of more than 2,900 companies conducted by HR consultancy Mercer, the proportion of employers asking employees to fill out health risk assessments rose from 53 percent in 2006 to 65 percent in 2008 and to 73 percent in 2009. (shrm.org)
  • When Intel Corp. began its effort to have employees fill out risk assessments, the participation rate was less than 10 percent, said Corrie Zenzola, Intel's global health and risk benefits design manager in Folsom, Calif. The reason? (shrm.org)
  • Employees who go on to the third step, which is health coaching based on what the risk assessment reveals, receive another $25 gift card. (shrm.org)
  • Although these incentives have increased participation in health risk assessment programs, Intel received another bump in participation following its announcement that employees who complete the risk assessment process will receive a $250 annual health insurance premium reduction. (shrm.org)
  • When risk assessment is used for public health or environmental decisions, loss can be quantified in a common metric such as a country's currency or some numerical measure of a location's quality of life. (wikipedia.org)
  • Dose dependent risk tends to be classified as health risk and dose independent risk as safety risk. (wikipedia.org)
  • A health risk assessment (also referred to as a health risk appraisal and health & well-being assessment) is one of the most widely used screening tools in the field of health promotion and is often the first step in multi-component health promotion programs. (wikipedia.org)
  • Medicaid assessments ask questions about health-care access, availability of food, and living conditions. (wikipedia.org)
  • This proliferation coincided with the rapid growth in interest in corporate health promotion programs as awareness developed on health risks and for-profit vendors monetized the programs. (wikipedia.org)
  • The World Health Organisation's 2006 Guidelines for the Safe Use of Wastewater, Excreta and Greywater in Agriculture suggest that QMRA should be used to determine possible risk levels which can be achieved by sanitation systems. (wikipedia.org)
  • Wastewater Irrigation and Health: Assessing and Mitigating Risk in Low-income Countries. (wikipedia.org)
  • Consumer health protection comprises the research, assessment and communication of risks. (wikipedia.org)
  • Furthermore, SPS measures must be based on appropriate assessments of the risks to human, animal or plant life or health. (wikipedia.org)
  • The risk to be assessed under article 5.1 must be a specific risk that has "the actual potential for adverse effects on human health in the real world where people live and work and die. (wikipedia.org)
  • Assessing
  • In investing you should be assessing risk as the deviation from an expected return. (wizzley.com)
  • Risk assessment is all about assessing what might happen to you, as well as to the investments themselves. (wizzley.com)
  • DREAD is part of a system for risk-assessing computer security threats previously used at Microsoft and currently used by OpenStack and many other corporations[citation needed]. (wikipedia.org)
  • process
  • and sets out policies for local authorities to ensure flood risk is taken into account during the planning process to prevent inappropriate development in high risk areas and to direct development away from areas at highest risk. (wikipedia.org)
  • This has led to the development of a risk process that draws on the experience of organisations and their employees to produce risk assessments that produce potential loss of life (PLL) outputs without fault and event tree modelling. (wikipedia.org)
  • Employing networks in the risk analysis process can visualize causal relationships and identify heavily-weighted or important contributors to the probability of the critical event. (wikipedia.org)
  • Because these is always varies degrees of uncertainty involved in any risk analysis process, sensitivity and uncertainty analysis are usually carried out to mitigate the level of uncertainty and therefore improve the overall risk assessment result. (wikipedia.org)
  • A key requirement has been to establish a toolkit that contributes towards a single process for repository assessment. (wikipedia.org)
  • The internal assessment process of risks and solvency, known as the ORSA, is the centerpiece of this plan. (wikipedia.org)
  • strategic
  • At the strategic level policies are made specifying acceptable levels of risk, procedures to be followed within the organisation, priorities and allocation of resources. (wikipedia.org)
  • At the heart of the prudential Solvency II directive, the own risk and solvency assessment (ORSA) is defined as a set of processes constituting a tool for decision-making and strategic analysis. (wikipedia.org)
  • public
  • APHIS shares draft pest risk assessments with the public to determine whether stakeholders have information that might lead us to revise the draft assessment before we identify pest mitigations and proceed with official rulemaking. (usda.gov)
  • The Federal Institute for Risk Assessment (German: Bundesinstitut für Risikobewertung), abbreviated BfR, is a body under public law of the German federal government with full legal capacity. (wikipedia.org)
  • In financial auditing of public companies in the United States, SOX 404 top-down risk assessment (TDRA) is a financial risk assessment performed to comply with Section 404 of the Sarbanes-Oxley Act of 2002 (SOX 404). (wikipedia.org)
  • sufficient
  • More complicated multi-criteria analyses can be used to separate among high risk issues where there is sufficient information and agreement about the criteria to use. (fao.org)
  • important
  • Risk description" provides information important for interpreting the risk results and identifies a level for harmful effects on the plants and animals of concern. (epa.gov)
  • Rapid identification of individuals with possible risk of EVD followed by donning of personal protective equipment and isolation of patients for detailed risk assessment are important elements of a system to proactively manage patients at the point of first interaction. (emoryhealthcare.org)
  • This means that it is not subject to any technical supervision by law with respect to its scientific risk assessments and thus has an important scientific reference and orientation function for consumers, politics (federal and state), the economy, the media, associations and science in the case of unresolved scientific questions and during crises. (wikipedia.org)
  • Given the variety of diseases prevalent in swine production, both in the United States and abroad, it is important to understand the risks associated with organic swine production. (wikipedia.org)
  • Audit
  • The digital repository audit method based on risk assessment (DRAMBORA) is a methodology and associated software-based toolkit developed by Digital Curation Centre (DCC) and DigitalPreservationEurope (DPE) to support the assessment of digital preservation repositories. (wikipedia.org)
  • The objective is to determine the nature, timing and extent of substantive procedures in order to reduce audit risk to an acceptable low level. (wikipedia.org)
  • analysis
  • The Risk Premium Project (RPP) represents an extensive, thorough and up-to-date analysis of the theory and empirics of risk assessment for property-casualty insurance. (casact.org)
  • More costly analysis of flood risk can be achieved through detailed flood modelling to challenge the agency's modelled levels and corresponding flood zones. (wikipedia.org)
  • It is especially useful for site risk analysis when reliance on quantity distance (QD) tables is not feasible. (wikipedia.org)
  • In general, risk assessment can be divided into these steps: Plan and prepare the risk analysis. (wikipedia.org)
  • Guidance
  • This guidance is applicable for 2007 assessments for companies with 12/31 fiscal year-ends. (wikipedia.org)
  • Based on the 2007 guidance, SEC and PCAOB directed a significant reduction in costs associated with SOX 404 compliance, by focusing efforts on higher-risk areas and reducing efforts in lower-risk areas. (wikipedia.org)
  • New under the SEC guidance is the concept of also rating each significant account for "misstatement risk" (low, medium, or high), based on similar factors used to determine significance. (wikipedia.org)
  • processes
  • Enabling you to identify and mitigate the intrinsic risk in your operations, supply chains and business processes. (intertek.com)
  • vulnerability
  • An acceptable risk is a risk that is understood and tolerated usually because the cost or difficulty of implementing an effective countermeasure for the associated vulnerability exceeds the expectation of loss. (wikipedia.org)
  • safety
  • Transportation safety is a term that is intended to convey something about the avoidance of risk from bodily harm and property damage associated with the operation of transport systems. (hofstra.edu)
  • However, there is a paradox in the conventional usage of the term in that most safety statements instead discuss the amount of risk present. (hofstra.edu)
  • Indeed, safety typically refers to the characteristic or long-term average risk of an entity. (hofstra.edu)
  • This section provides tools and protocols for triage of patients to quickly identify individuals who require a more detailed risk assessment, while ensuring the safety of the care team. (emoryhealthcare.org)
  • In the engineering of complex systems, sophisticated risk assessments are often made within safety engineering and reliability engineering when it concerns threats to life, environment or machine functioning. (wikipedia.org)
  • differ
  • If an issue is associated with more than one objective (e.g. target stocks often have economic &/or social objectives in addition to stock sustainability), the performance for each of these should be assessed separately as the risks may differ. (fao.org)
  • food
  • Also, medical, hospital, social service and food industries control risks and perform risk assessments on a continual basis. (wikipedia.org)
  • The work of the BfR is based on a number of national legal regulations - including the founding law of the Federal Institute for Risk Assessment, the Food and Feed Code (LFGB), Protection Against Infection Act (IfSG), Plant Protection Act, Chemicals Act, Washing and Cleaning Agents Act), and Genetic Engineering Act. (wikipedia.org)
  • evaluation
  • However, it is a complex evaluation and such assessments they can be rejected by Authorities as inadequate, or could be considered as negligent in the event of a flooding event, damage and a claim to insurers being made. (wikipedia.org)
  • terms
  • Information is gathered to help determine what, in terms of plants and animals, is at risk and what needs to be protected. (epa.gov)
  • high
  • The Diabetes Risk Score uses 7 questions to identify how high a risk someone is of getting diabetes. (redorbit.com)
  • The Diabetes Risk Score is already being used in a number of other studies to identify people at high risk of diabetes and encourage them to see their doctor. (redorbit.com)
  • This does not mean high risk investment, just more risky than those that you start with. (wizzley.com)
  • diabetes
  • Would you like to know more about your risk factors for developing diabetes? (edu.au)
  • Working in partnership with Diabetes UK, the largest diabetes charity in the country, and University Hospitals of Leicester NHS Trust, they have produced the first diabetes risk assessment that can be used in a multi-ethnic population. (redorbit.com)
  • Answering these does not tell someone whether they have diabetes, just what their risk of having it is. (redorbit.com)
  • I, and my team, are proud that the Diabetes Risk Score will enable people to quickly and easily find out what their chance of having diabetes is and take action accordingly. (redorbit.com)
  • The use of the Diabetes Risk Score will be particularly useful to that community. (redorbit.com)
  • Are you at risk for Adult-Onset Diabetes? (medindia.net)
  • Check to find out if you are at risk for developing diabetes by using this calculator. (medindia.net)