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:
“If you love the good thing vitally, enough to give up for it all that one must give up, then you must hate the cheap thing just as hard. I tell you, there is such a thing as creative hate! A contempt that drives you through fire, makes you risk everything and lose everything, makes you a long sight better than you ever knew you could be.”
—Willa Cather (1873–1947)
“A commodity appears at first sight an extremely obvious, trivial thing. But its analysis brings out that it is a very strange thing, abounding in metaphysical subtleties and theological niceties.”
—Karl Marx (1818–1883)