Risk Analysis (engineering)

Risk Analysis (engineering)

Risk analysis is the science of risks and their probability and evaluation.

Probabilistic risk assessment is one analysis strategy usually employed in science and engineering.

Read more about Risk Analysis (engineering):  Risk Analysis and The Risk Workshop, Risk Analysis and Information Security

Famous quotes containing the words risk and/or analysis:

    Nature, we are starting to realize, is every bit as important as nurture. Genetic influences, brain chemistry, and neurological development contribute strongly to who we are as children and what we become as adults. For example, tendencies to excessive worrying or timidity, leadership qualities, risk taking, obedience to authority, all appear to have a constitutional aspect.
    Stanley Turecki (20th century)

    The spider-mind acquires a faculty of memory, and, with it, a singular skill of analysis and synthesis, taking apart and putting together in different relations the meshes of its trap. Man had in the beginning no power of analysis or synthesis approaching that of the spider, or even of the honey-bee; but he had acute sensibility to the higher forces.
    Henry Brooks Adams (1838–1918)