... FSI events. The initial risk levels of hazards are systematically prioritized based upon how effectively (or not) the safeguards are found to be performing. The assessment results are then used to define the most effective and efficient mitigation strategy when further risk reduction is warranted...

... Reduction Measure assessment hazard risk assessment risk assessment team initial risk level risk and uncertainty assessment risk reduction method risk assessment process Reduce Risk Hierarchy application residual risk risk level probability Session No. 544E The Basics of Risk Assessment1...