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Risk Evaluation

Evaluation of the risk level for Risk Analysis, in particular to that effect whether a reasonable risk exists in a given context.

In the case of risk assessment in the technology, in many cases the product is derived from the probability W that a damage is emerged and the severity S of the possible damage pulled up. As there is no absolute security in the sense of freedom from any risks in the technology, just as in life, the task is to reduce possible risks to a reasonable level below a defined limiting risk in the course of a targeted risk management.
Glossary Technical terms at a glance

R

RAMS Reliability Requirement Requirement management Residual risk Risk Analysis Risk Evaluation Risk Matrix Risk priority number Robust design Robust process

S

Sample Sampling Scoping Scrum Single minute exchange of die Six Sigma Solution principle Special Characteristics Specification State Statistical process control Structural tree Structure Analysis System System element System Optimization System response