Acceptable Risk
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Contents
Definitions
European Definitions
UNISDR Editor’s Note: (UNISDR)
Other International Definitions
UNISDR
The level of potential losses that a society or community considers acceptable given existing social, economic, political, cultural, technical and environmental conditions. [1]
According to UNISDR, acceptable risk in engineering terms is also used to assess and define the structural and non-structural measures that are needed in order to reduce possible harm to people, property, services and systems to a chosen tolerated level, according to codes or “accepted practice” which are based on known probabilities of hazards and other factors.
National Definitions
United States
Acceptable risk is the level of risk at which, given costs and benefits associated with risk reduction measures, no action is deemed to be warranted at a given point in time. [2]
