Definitions for "Acceptable Risk" Add To Word List
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The level of Residual Risk that has been determined to be a reasonable level of potential loss/disruption (see Total Risk, Residual Risk, and Minimum Level of Protection).
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Probability of suffering disease or injury which is considered to be sufficiently small to be "negligible". PS tolerable risk. RT accepted risk, negligible risk, risk de minimis.
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Probability of a human and material loss of a certain degree that is perceived by the community or relevant authorities as tolerable compared to actions necessary to minimize this probability. syn. calculated risk.131
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The risk that is understood and agreed to by the program/project, GPMC, Enterprise, and customer, and sufficient to achieve the defined success criteria within the approved level of resources (source - NPR 7120.5).
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A risk, judged to be outweighed by corresponding benefits, or one that is of such a degree that it is considered to pose minimal potential for adverse effects.
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Contaminant concentrations are below threshold levels.
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The level of loss a society or community considers acceptable given existing social, economic, political, cultural and technical conditions.
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