Risk Management and Risk Essay

Open, View, and/or
Download this Document

Total Length: 499 words ( 2 double-spaced pages)

Total Sources: 2

Page 1 of 2

ALARP

The concept of as little as reasonably practical (ALARP) is often used in developing methods of evaluating and addressing risk in the workplace. The concept derives from the reality that risk cannot be reduced to absolute zero, so safety provisions must take that reality into account and aim for the next best thing, which is ALARP (Manuele, 2008). There are, however, some pitfalls in applying the ALARP concept. The first pitfall is that the determination of acceptable risk levels is largely judgmental. Probability data on specific events or scenarios is unlikely to be available, so there is a certain amount of judgment that is required to determine what constitutes "acceptable" within the framework of ALARP. Standards can be set to help define "acceptable risk" but these are also going to be arbitrary in nature, in the absence of a statistically-significant data set.

Often, there is the temptation to apply the legal standards of safety as the ALARP, which is not a good approach.

Stuck Writing Your "Risk Management and Risk" Essay?

View All Our Example Risk Management and Risk Essay

Have A Custom Example Essay Written

In many cases, the legal standards are not as rigorous as ALARP, so following them will lead to an unacceptable amount of risk and incidents. Thus, it is important to design safety with an eye to superseding the legal requirements. The problem, of course, is that there is a link between legal requirements and the firm's financial situation. There are high costs associated with reducing risk beyond a certain point, so that often once the legal threshold has been met, the company has already passed….....

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Risk Management And Risk" (2013, February 24) Retrieved May 21, 2025, from
https://www.aceyourpaper.com/essays/risk-management-risk-86194

Latest MLA Format (8th edition)

Copy Reference
"Risk Management And Risk" 24 February 2013. Web.21 May. 2025. <
https://www.aceyourpaper.com/essays/risk-management-risk-86194>

Latest Chicago Format (16th edition)

Copy Reference
"Risk Management And Risk", 24 February 2013, Accessed.21 May. 2025,
https://www.aceyourpaper.com/essays/risk-management-risk-86194
   

Open, View, and/or
Download this Document
order custom essay example