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:

    Kemmerick: He’s dead. He’s dead.
    Katczinsky: Why did you risk your life bringing him in?
    Kemmerick: But it’s Behm. My friend.
    Katczinsky: It’s a corpse, no matter who it is.
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    Analysis as an instrument of enlightenment and civilization is good, in so far as it shatters absurd convictions, acts as a solvent upon natural prejudices, and undermines authority; good, in other words, in that it sets free, refines, humanizes, makes slaves ripe for freedom. But it is bad, very bad, in so far as it stands in the way of action, cannot shape the vital forces, maims life at its roots. Analysis can be a very unappetizing affair, as much so as death.
    Thomas Mann (1875–1955)