How science works. Page 1 The Nuffield Foundation, 2009 Copies may be made for UK in schools and colleges

Size: px
Start display at page:

Download "How science works. Page 1 The Nuffield Foundation, 2009 Copies may be made for UK in schools and colleges"

Transcription

1 Teacher Notes Introduction This activity is based on material drawn from the HSE report called The tolerability of risk from nuclear power station. The full report can be downloaded here: Despite its age, the report is still interesting. Note that there is no need to download the report. Students are not expected to read it. All the information needed is presented in the PowerPoint presentation or in the activity sheet. Before students start on the activity you might want to rehearse the key ideas about risk introduced in the AS Science in Society course and make sure that students have made sense of the boxes on pages 147 and 149 of the A2 textbook. Guide the students through the activity with the help of the presentation. At each stage give students the opportunity to answer the questions working in groups or individually, as well as discussing answers in the class. Commentary and suggested answers 1 Suggest reasons why there was then [at the time of the Sizewell enquiry] a view that discussion of risks should be left to experts. Many experts believed that the quantification of risks is too uncertain and too difficult a matter for people generally to grasp. Others argued that most ordinary people only wish to believe that there is no risk at all from industrial activities and are not interested in finding out what exactly the risks are. There was also the concern that public discussion of risk would provokes objections to things that people are not really bothered about. 2 Why is it no longer acceptable to leave it to the experts? The public lost faith in the experts in the nuclear industry when it discovered the extent that mishaps and serious accidents had been covered up. In other areas the experts have disagreed or got it wrong as in the disputes of BSE, MMR vaccination and GM crops. How science works Ga Everything we do carries a certain risk. New technologies and processes based on scientific advances often introduce new risks. Gb Risk is a measure of the probability of harm in a given situation. Gc We can assess the size of a risk by counting the number of instances of harm in a representative sample of cases. This estimate will be more accurate if the sample size is large, and if instances of harm can be easily and accurately detected. If the probability is very low, it can be very difficult to get an accurate estimate. Gd The perceived risk of an activity is often quite different from the actual measured risk. We tend to overestimate the risk of: unfamiliar activities (relative to more everyday ones); imposed activities (relative to freely chosen ones); invisible or unseen hazards whose effects are not immediately apparent (such as ionizing radiation, or environmental pollutants). Ge Several factors can influence a person s willingness to accept a specific risk. Most people are more willing to accept a process or situation that has some risk if they get direct benefit from it and if they choose it voluntarily rather than having it imposed. Gf To make an informed decision about the management of a given risk, we need to take account both of the probability of the event occurring, and the seriousness of the consequences if it did. This is particularly difficult in the case of events of very low probability, but with very serious consequences if they occur. Gg It is difficult to assess the risk of a new technology, because there is no available data for estimating the probability of harm. Page 1 The Nuffield Foundation, 2009

2 Teacher Notes 3 Explain what you understand by the term risk. Risk is the chance that something adverse will happen. To take a risk is deliberately to incur that chance. Estimating a risk involves defining that something adverse, the hazard, precisely and finding a way of calculating how often it is likely to happen in particular circumstances. 'Risk' is the chance and the consequences taken together. In common speech we quite often use the word 'risk' as referring more to the consequence than to the probability. 4 Suggest three components that have to be considered when estimating any risk. Three components to be considered in estimating any risk - the probability (eg, whether there is a 'high risk' or not), the event to which probability attaches, and the severity of the consequences. All of these components are implicit in any discussion of risk. 5 Give an example that you would use to show someone that zero risk is an impossibility. Even if we are at home, we are taking some kinds of risk (eg a house fire or risks associated with cooking). 6 Give an example to illustrate the difference between a risk you tolerate and a risk you accept. Examples of risks we tolerate: risk from mobile phone masts, risk of food poisoning from food eaten in a fast-food outlet. Examples of risks that we accept: risk of an accident at home (such a burn from boiling water), risks of riding a bicycle or going for a walk with a dog. 7 Give an example from the supply of energy which shows that some people bear more of the risk while others benefit. For instance the building of any dam imposes risk on people nearby whereas the benefits are shared by people living further away. Similarly, those who live under high-voltage electricity pylons may well be affected by the cables which benefit lots of people who live well away from the hazard. 8 Give an example of a danger that is particularly dreaded by the public. People tend to dread low-probability, high-consequence events, such as the terrorist attacks and nuclear accidents. 9 Order these activities according to the number of cancers and deaths they cause each year in the UK: having an X-ray, living in a home built on granite, using a mobile phone, living under power lines, exposure to UV radiation (eg by sunbathing), working in the nuclear industry. Skin cancer caused by UV radiation ( cases and 2300 deaths per year) Radon in homes (1000 deaths per year from lung cancer) Medical uses of X-rays (900 cases of cancer per year) Radiation from power lines (conflicting evidence, maybe 3.5 cancer cases per year in Sweden) Mobile phones (disputed slight increase in risk of brain cancer, driving and using a mobile phone may be more dangerous than driving whilst under the influence of alcohol) Workers in the nuclear industry (slight increase in risk: 1 to 2% of the cancer deaths may be attributable to radiation exposure) 10 This diagram was used in the report to illustrate the ALARP principle. Risk increases from bottom to top. Make a larger version of the diagram and add these labels to the diagram to show how it should be annotated. On the left label the three regions. On the right add the four short notes to the relevant regions. Page 2 The Nuffield Foundation, 2009

3 Teacher Notes Unacceptable region Risk cannot be justified except in extraordinary circumstances The ALARP (or tolerability) region Tolerable only if risk reduction is impracticable or it its cost is grossly disproportionate to the improvement gained Risk tolerable if cost of reduction would exceed the improvement gained Broadly acceptable region Necessary to keep checking that the risk remains at a low level 11 Why is it necessary to have regulatory bodies to control societal risks such as risks from the nuclear industry? Regulations impose costs on industry that they might well not undertake voluntarily. Regulators represent the interests of society against the interests of industry which seeks to minimise costs. Regulators review evidence and best practice internationally to ensure that the industry takes all necessary and practicable steps to ensure that it is as safe as practicable. 12 Why are absolute standards for safety not possible? Why do regulators of the nuclear industry have to exercise judgement on behalf of society? For severe hazards such as those posed by the nuclear industry, the regulators have to use evidence and judgement to fix a level of personal exposure that can be regarded as just tolerable, but must not be exceeded; and they then have to insist that each employer must do better by reducing the exposure and so the risk to the lowest level that is reasonably practicable. This is again a matter of judgement taking into account what technology can achieve and what it costs to implement the safety precautions. 13 (a) How many fatal cancers would arise if every person in a population of receives an extra radiation does of 5 msv in their lifetime? 5 deaths (b) The report s estimate of the average lifetime dose of radiation dose from natural and artificial sources is 200 msv. How many people in a population of dies from cancer caused by radiation if the risk estimate is correct? 1000 people (c) The data show that at that time one in four people died from cancer. What proportion of these deaths was the result of exposure to radiation? people from the population of die of cancer. 1 in 25 as a result of exposure to radiation. Page 3 The Nuffield Foundation, 2009

4 Teacher Notes (d) By how much do workers in the nuclear industry increase their risk of dying from cancer as a result of exposure to an extra 100 msv in their working lives. Chance of dying from radiation increased by 50% compared to the rest of the population. Chances of dying from cancer increased from about 25% to about 25.5%. 14 The limits for radiation exposure are kept under review and have been revised since the report was written. Why do the risk estimates and standards set by the regulators change over time? The nuclear industry is relatively young. It can take years for the consequences of exposure to low doses of radiation to be detected because the onset of cancer is delayed. At the time the report was written the only data for exposed workers were for groups with unusually high exposures, such as those who worked with radium in the early decades of the 20th century and those who inhaled radon and its daughters in uranium mining in the middle years of that century. Since then it has been possible to gather increasing amounts of data from other groups of workers with lower exposures, such as those in atomic energy installations in the US and the UK. This has provided more data and allowed the risk estimates to become more precise. This, in turn, has given regulators the information they need to insist on stricter standards. 15 An industrial plant has a workforce of 250 people who are exposed regularly to the risks from the manufacturing processes. The rate of deaths in this workforce is 1 in 100 years. Is this tolerable? In 100 years there is 1 death while a total of person- years have been worked. So the risk of death per person year is 1 in This lies within the regions that is generally regarded as tolerable. 16 In ways would the consequences of a major nuclear accident differ from an accident in an oil refinery or an aircraft accident? How does this affect the tolerability of the risks? Many people feel a greater aversion to death from cancer caused by radiation than to death from other causes. The consequences of a nuclear accident are long term and would continue to affect people and the environment for many years. 17 Does the risk from nuclear power set a limit to the number of nuclear power stations that should be built in the UK? Increasing the number of nuclear plants increases the risk of accident. According to the report, as far as could be calculated at the time, and taking as much account of the human factor as is practicable in modern forms of risk calculation, a programme of between 20 and 50 modern nuclear reactors would have a similar chance of causing death as the installations at Canvey Island, that is some hundreds of people. August 2009 Page 4 The Nuffield Foundation, 2009

5 Student sheets Introduction Following the public inquiry which preceded the building a new nuclear power station at Sizewell (see p 145 of your textbook), the chairman recommended to the Health and Safety Executive that it should publish guidelines on the tolerable levels of individual and social risk to workers and the public from nuclear power stations. He argued that at the time that there was insufficient public information to allow understanding of the basis for the regulation of nuclear safety. This activity is based on information in the document that the HSE published in 1988 and revised in Much has changed since that time nevertheless many of the points made in the report still apply today. In this activity you are going to discuss and answer questions related to ideas and information in the HSE report. Before you start you should study the information about risk in the boxes on pages 147 and 149 in your textbook. Experts and the public The introduction to the report says that, until the chair of the Sizewell Inquiry made his recommendation, the discussion of the extent of the risks, to people or to the environment from industrial undertakings tended to be regarded as a matter for experts. 1 Suggest reasons why there was then a view that discussion of risks should be left to experts. 2 Why is it no longer acceptable to leave it to the experts? Risk and the tolerability of risk The report makes a distinction between tolerating a accepting risks. 'Tolerability' does not mean 'acceptability'. It refers to a willingness to live with a risk so as to secure certain benefits and in the confidence that it is being properly controlled. To tolerate a risk means that we do not regard it as negligible or something we might ignore, but rather as something we need to keep under review and reduce still further if and as we can. For a risk to be 'acceptable' on the other hand means that for purposes of life or work, we are prepared to take it pretty well as it is. 3 Explain what you understand by the term risk. 4 Suggest three components that have to be considered when estimating any risk. 5 Give an example that you would use to show someone that zero risk is an impossibility. 6 Give an example to illustrate the difference between a risk you tolerate and a risk you accept. Page 1 The Nuffield Foundation, 2009

6 Student sheets Societal risks The report concentrates upon certain kinds of risk that are regulated by society as a whole, with the aim of securing general benefits. When risks are regulated by society, the relevant judgements cease to be in the hands of the individuals who bear the risk. The risks are shifted around, so that some people bear more and others less of them; and the benefits may also be unevenly distributed. 7 Give an example from the supply of energy which shows that some people bear more of the risk while others benefit. Societal risk may be redistributed in many other ways : for example through time, so that less risk is borne now, but more by some future generation. Or one kind of risk may be substituted for another. People tend to view risk differently according to whether they can judge the hazard directly from experience, or whether the cause of the danger is not well understood or is particularly dreaded; or perhaps whether it could result in large adverse consequences from which individuals could not escape. Thus public expectations about the levels of protection required, or the level of risk which can be tolerated, may well differ according to the nature of the hazard in question and people's knowledge or feelings about it. 8 Give an example of a danger that is particularly dreaded by the public. 9 Order these activities according to the number of cancers and deaths they cause each year in the UK: having an X-ray, living in a home built on granite, using a mobile phone, living under power lines, exposure to UV radiation (eg by sunbathing), working in the nuclear industry. The regulation of industrial risk The report explains that the main tests that are applied in regulating industrial risks are very similar to those we apply in day to day life. They involve determining: whether a given risk is so great or the outcome so unacceptable that it must be refused altogether; or whether the risk is, or has been made, so small that no further precaution is necessary; or if a risk falls between these two states, that it has been reduced to the lowest level practicable, bearing in mind the benefits flowing from its acceptance and taking into account the costs of any further reduction. Safety law is based on the principle that any risk must be reduced so far as reasonably practicable in other words to a level which is 'as low as reasonably practicable' (the ALARP principle). Legally speaking, this means that unless the expense undertaken is in gross disproportion to the risk, the employer must undertake the expense. This principle also means that employers are entitled to take into account how much it is going to cost them to take a safety precaution, and that there is some point beyond which the regulator should not press them to go; but that they must err on the side of safety. In applying these principles the regulators issue a large number of standards or codes and a great deal of guidance stating what is 'reasonably practicable' for a very large number of industrial activities including the nuclear industry Page 1 The Nuffield Foundation, 2009

7 Student sheets 10 This diagram was used in the report to illustrate the ALARP principle. Risk increases from bottom to top. Make a larger version of the diagram and add these labels to the diagram to show how it should be annotated. On the left label the three regions. On the right add the four short notes to the relevant regions. Broadly acceptable region Unacceptable region The ALARP (or tolerability) region Risk cannot be justified except in extraordinary circumstances Risk tolerable if cost of reduction would exceed the improvement gained Tolerable only if risk reduction is impracticable or it its cost is grossly disproportionate to the improvement gained Necessary to keep checking that the risk remains at a low level 11 Why is it necessary to have regulatory bodies to control societal risks such as risks from the nuclear industry? 12 Why are absolute standards for safety not possible? Why do regulators of the nuclear industry have to exercise judgement on behalf of society? What level of risk is tolerable? The report has sections which examine to risks to workers in a nuclear plant during normal operations and the risk to individuals and society of there being a serious accident. At the time the report was written the average annual dose to workers in nuclear power stations said to be about 1 msv, with a few workers receiving doses greater than 5 msv in a year. The report makes the point that there are considerable uncertainties involved in all risk calculations. The risk of fatal cancer to a person was then estimated to be 5 in for every millisievert received uniformly over the whole of a life. 13 (a) How many fatal cancers would arise if every person in a population of receives an extra radiation does of 1 msv in their lifetime? (b) The report s estimate of the average lifetime dose of radiation dose from natural and artificial sources is 200 msv. How many people in a population of dies from cancer caused by radiation if the risk estimate is correct? (c) The data shows that at that time one in four people died from cancer. What proportion of these deaths were the result of exposure to radiation? (d) By how much do workers in the nuclear industry increase their risk of dying from cancer as a result of exposure to an extra 100 msv in their working lives. 14 The limits for radiation exposure are kept under review and have been revised since the report was written. Why do the risk estimates and standards set by the regulators change over time? Page 2 The Nuffield Foundation, 2009

8 Student sheets The report concluded that, the average risk of death for workers in the nuclear industry lay between 1 in and 1 in 4000 per year with a risk of 1 in or better at power stations. The higher figure was broadly comparable with the risks borne on average by the workforce in such high risk industries as metal manufacturing and mineral extraction. The lower figure was of the same order as the average for all manufacturing industry at the time. The report suggests that the level of risk borne by the very small number of workers whose dose is near to the level of 15 msv was probably about the same as that of many workers in the riskier groups in risky industries; such as workers in the offshore oil industry, faceworkers in mining, or roofworkers in the construction industry. The level of these risks was then difficult to estimate precisely because of gaps in the statistics, but the authors of the report decided that a risk of death around 1 in 1000 per annum is the most that could ordinarily be accepted by substantial groups of workers in any industry in the UK, with that level being exceeded, in practice, only by fishermen and relatively small sub-groups such as helicopter pilots, divers and demolition workers. It seemed, to the writers of the report, reasonable to adopt a risk of death of around 1 in 1000 as the dividing line between what is just about tolerable as a risk to be accepted by any substantial category for any large part of a working life, and what is unacceptable for any but fairly exceptional groups. 15 An industrial plant has a workforce of 250 people that are exposed regularly to the risks from the manufacturing processes. The rate of deaths in this workforce is 1 in 100 years. Is this tolerable? The report concludes by discussing the extent to which the risks to society at large from the nuclear industry are tolerable. These societal risks include not only the risk of death but also the costs of dealing with an accident including the consequences of land being unusable because of contamination and the wider disruption of the lives of communities. The approach is to compare the risks from the nuclear industry to the risks from other major installations. The report refers to the oil storage and refinery facilities at Canvey Island where a recent major study of risk had led to changes intended to cut the risk major accident causing 1500 deaths to be reduced to 1 in 5000 per year. The report also refers to the Thames Barrier, which was designed, to a standard meant to reduce the risk of it being overtopped by a freak tide to 1 in 1000 per year. This was, at the time, the estimated annual risk of an aircraft accident killing 500 or more people in the UK. 16 In ways would the consequences of a major nuclear accident differ from an accident in an oil refinery or an aircraft accident? How does this affect the tolerability of the risks? 17 Does the risk from nuclear power set a limit to the number of nuclear power stations that should be built in the UK? Page 3 The Nuffield Foundation, 2009

The Approach of a Regulatory Authority to the Concept of Risk

The Approach of a Regulatory Authority to the Concept of Risk The Approach of a Regulatory Authority to the Concept of Risk by H.J. Dunster Risk is a poorly defined term and is commonly used in at least two quite different ways. I shall use risk in a qualitative

More information

The Scope and Nature of Occupational Health and Safety

The Scope and Nature of Occupational Health and Safety Element 1: Foundations in Health and Safety The Scope and Nature of Occupational Health and Safety The study of health and safety involves the study of many different subjects including the sciences (chemistry,

More information

Risk Assessment Policy

Risk Assessment Policy Risk Assessment Policy Updated: April 2018 Date of next Review: April 2019 Policy Lead: Bursar Checked by: Middle Leadership Team 1. INTRODUCTION Beachborough School will have hazards which if not controlled

More information

Value of a Life: Compensation and Regulation of Asbestos and other Work Hazards

Value of a Life: Compensation and Regulation of Asbestos and other Work Hazards Value of a Life: Compensation and Regulation of Asbestos and other Work Hazards Health and safety issues in the workplace are another setting where externalities can arise. Firms can invest in safety for

More information

Policy and Procedures on Risk Management

Policy and Procedures on Risk Management Policy and Procedures on Risk Management 4 th January 2008 Policy... 1 Procedures... 1 Appointment of assessors and training... 2 Risk Assessment... 2 Health and Safety Action Plans... 4 Background information

More information

RISK ASSESSMENTS (GENERAL) POLICY AND GUIDANCE

RISK ASSESSMENTS (GENERAL) POLICY AND GUIDANCE RISK ASSESSMENTS (GENERAL) POLICY AND GUIDANCE Revised June 2016: Version 1.2 Name of Policy: Purpose of the Policy: Policy Applies to: Approved by: Responsible for its Updating: Final Approval by: Risk

More information

Reducing Risks, Protecting People A Harmonised Approach

Reducing Risks, Protecting People A Harmonised Approach Reducing Risks, Protecting People A Harmonised Approach R.B. Foster Health and Safety Executive, Rose Court, 2 Southwark Bridge, London SE1 9HS, UK INTRODUCTION Risk training, education and communication

More information

Few would disagree that life is risky. Indeed, for many people it is precisely the element of

Few would disagree that life is risky. Indeed, for many people it is precisely the element of CHAPTER 1 The Challenge of Managing Risk Few would disagree that life is risky. Indeed, for many people it is precisely the element of risk that makes life interesting. However, unmanaged risk is dangerous

More information

This article may be downloaded for personal use only. This document is downloaded from the Digital Open Access Repository of VTT

This article may be downloaded for personal use only. This document is downloaded from the Digital Open Access Repository of VTT This document is downloaded from the Digital Open Access Repository of VTT Title Author(s) Guidance for the definition and application of probabilistic safety criteria Knochenhauer, Michael; Holmberg,

More information

associated with nuclear power Akira OMOTO

associated with nuclear power Akira OMOTO Communication of risks associated with nuclear power Akira OMOTO Commissioner, Atomic Energy Commission Introduction 1. What is risk? ik? What risk ikare we tlki talking about? 2. Traits of risk perception

More information

Information on Risk Assessments and Guidance on the Completion of KeeleSU General Risk Assessment Form

Information on Risk Assessments and Guidance on the Completion of KeeleSU General Risk Assessment Form SECTION 2 Keele University Students Union HEALTH & SAFETY MANUAL Information on Risk Assessments and Guidance on the Completion of KeeleSU General Risk Assessment Form General Statement KeeleSU accepts

More information

SETTING MULTINATIONAL RISK TOLERANCE CRITERIA

SETTING MULTINATIONAL RISK TOLERANCE CRITERIA SETTING MULTINATIONAL RISK TOLERANCE CRITERIA by Paul Baybutt, Primatech Inc. Presented at the 1st CCPS Asia-Pacific Conference on Process Safety Qingdao, China September 4-5, 2013 paulb@primatech.com

More information

Risk Perception. James K. Hammitt. Harvard Center for Risk Analysis

Risk Perception. James K. Hammitt. Harvard Center for Risk Analysis Risk Perception James K. Hammitt Harvard Center for Risk Analysis Disagreement Between Experts & General Public? Public often accepts expert evaluations, but not always "Public" is large, diverse Disagreement

More information

Establishing the right price for electricity in South Africa. Brian Kantor with assistance from Andrew Kenny and Graham Barr

Establishing the right price for electricity in South Africa. Brian Kantor with assistance from Andrew Kenny and Graham Barr Establishing the right price for electricity in South Africa Brian Kantor with assistance from Andrew Kenny and Graham Barr This exercise is designed to answer the essential question of relevance for consumers

More information

Note: This policy incorporates key elements of the former Risk Taking and Assessment Policy (SO-0080).

Note: This policy incorporates key elements of the former Risk Taking and Assessment Policy (SO-0080). Risk Assessment Policy Document Title Reference Number Risk Assessment Policy Version Number V2.3 Date of Issue 01/09/06 Latest Revision 17/03/16 Distribution Owner Policy Lead Department All Employees

More information

Lesson 6: Insurance. Insurance and Risk

Lesson 6: Insurance. Insurance and Risk Lesson 6: Insurance risk: a chance of harm, loss, or damage liability insurance: insurance for what the policyholder is legally obligated to pay because of bodily injury or property damage caused by the

More information

8230 Leesburg Pike, Suite 800 Tysons Corner, Virginia Phone: Fax:

8230 Leesburg Pike, Suite 800 Tysons Corner, Virginia Phone: Fax: Lena04_The ATOM Methodology_v9.indd 3 7/7/2012 10:59:37 AM 8230 Leesburg Pike, Suite 800 Tysons Corner, Virginia 22182 Phone: 703.790.9595 Fax: 703.790.1371 www.managementconcepts.com Copyright 2012 by

More information

Lawrence H. Roth, PE, GE

Lawrence H. Roth, PE, GE Lawrence H. Roth, PE, GE November 2, 2015 1. The number of levees needing attention is enormous. 2. If levees are not improved, lives will be lost and significant property damage will occur. 3. Both public

More information

1 Scope and objectives

1 Scope and objectives 1 Scope and objectives 1.1 Introduction This chapter of the Report defines the scope. This includes what kinds of risk are covered, who the intended readers are and what, in broad terms, the Report seeks

More information

How should we communicate radiation risk to the public?

How should we communicate radiation risk to the public? How should we communicate radiation risk to the public? Ng Kwan-Hoong, PhD, DABMP Department of Biomedical Imaging and Medical Physics Unit University of Malaya Radiation Protection : Application of Safety

More information

Risk Assessment Procedure

Risk Assessment Procedure 1. Introduction Risk Assessment Procedure 1.1 The Management of Health and Safety at Work Regulations 1999 set out general duties which apply to employers and are aimed at improving health and safety management.

More information

Perceived Risks. Instructor Notes. The activity is written for workshop participants and may need modification for classroom use.

Perceived Risks. Instructor Notes. The activity is written for workshop participants and may need modification for classroom use. Instructor Notes Public perceptions of risks are often at odds with those of professional risk analysts, who frequently claim that the general public tends to exaggerate low-risk processes and activities

More information

Tailor made investment approach

Tailor made investment approach WHAT DOES INVESTING MEAN? 03 GUIDE TO INVESTING - Tailor made investment approach 02 GUIDE TO INVESTING Contents WHAT DOES INVESTING MEAN? 3 UNDERSTANDING YOUR NEEDS AND REQUIREMENTS 5 UNDERSTANDING RISK

More information

ANOTHER LOOK AT RISK AND STRUCTURAL RELIABILITY CRITERIA

ANOTHER LOOK AT RISK AND STRUCTURAL RELIABILITY CRITERIA ANOTHER LOOK AT RISK AND STRUCTURAL RELIABILITY CRITERIA V.M. Trbojevic, Risk Support Ltd., UK Abstract The paper presents a comparison of societal risk criteria and the several structural reliability

More information

Having regard to the Treaty establishing the European Atomic Energy Community, and in particular Articles 31 and 32 thereof,

Having regard to the Treaty establishing the European Atomic Energy Community, and in particular Articles 31 and 32 thereof, L 219/42 COUNCIL DIRECTIVE 2014/87/EURATOM of 8 July 2014 amending Directive 2009/71/Euratom establishing a Community framework for the nuclear safety of nuclear installations THE COUNCIL OF THE EUROPEAN

More information

Policy. Safety risk assessment. 1 Why use risk assessment?

Policy. Safety risk assessment. 1 Why use risk assessment? Safety risk assessment V E R S I O N 1. 1 M A R C H 2 0 0 5 1 Why use risk assessment? 1.1 The principle reason for conducting risk assessments is to comply with our legal duty. The Management of Health

More information

Living with levees: using tolerable risk guidelines in California

Living with levees: using tolerable risk guidelines in California Living with levees: using tolerable risk guidelines in California Jessica Ludy, CFM. Arcadis-U.S. Inc. Larry Roth, G.E., P.E., Arcadis-US, Inc. Dustin Jones, P.E., Delta Stewardship Council 1 Hoogwater

More information

Dr Jack Valentin. Consultant, KcRN (Swedish Radiation Emergency Medicine Centre) ICRP the International Commission on Radiological Protection

Dr Jack Valentin. Consultant, KcRN (Swedish Radiation Emergency Medicine Centre) ICRP the International Commission on Radiological Protection Cost of Life Saved in Radiological Protection Dr Jack Valentin Consultant, KcRN (Swedish Radiation Emergency Medicine Centre) ICRP the International Commission on Radiological Protection The system of

More information

The Timing of Present Value of Damages: Implications of Footnote 22 in the Pfeifer Decision

The Timing of Present Value of Damages: Implications of Footnote 22 in the Pfeifer Decision The Timing of Present Value of Damages: Implications of Footnote 22 in the Pfeifer Decision Thomas R. Ireland Department of Economics University of Missouri at St. Louis 8001 Natural Bridge Road St. Louis,

More information

Taking income at retirement FINANCIAL

Taking income at retirement FINANCIAL Taking income at retirement FINANCIAL KEY GUIDE January 2019 Taking an income at retirement 2 Introduction PLANNING THE LONGEST HOLIDAY OF YOUR LIFE There comes a time when you stop working for your money

More information

NEGOTIATION REVIEW. Negotiating Risk By Roger Greenfield. thegappartnership.com

NEGOTIATION REVIEW. Negotiating Risk By Roger Greenfield. thegappartnership.com NEGOTIATION REVIEW Negotiating Risk By Roger Greenfield contact@thegappartnership.com thegappartnership.com Negotiating risk Risk: one of the most under valued variables available during contract negotiations.

More information

Managing work-related road risks

Managing work-related road risks Managing work-related road risks A strategic must-have Zurich Risk Engineering Whether your focus is to protect your people, your assets or your bottom line managing fleet risk is a strategic imperative.

More information

POLICY. Enforcement REGULATORY FUNCTION POLICY

POLICY. Enforcement REGULATORY FUNCTION POLICY POLICY Enforcement REGULATORY FUNCTION POLICY August 2017 The Enforcement Policy describes the high level approach WorkSafe uses regarding enforcement. CONTENTS 1.0 Introduction 2 1.1 The Intervention

More information

Health and Safety Attitudes and Behaviours in the New Zealand Workforce: A Survey of Workers and Employers 2016 CROSS-SECTOR REPORT

Health and Safety Attitudes and Behaviours in the New Zealand Workforce: A Survey of Workers and Employers 2016 CROSS-SECTOR REPORT Health and Safety Attitudes and Behaviours in the New Zealand Workforce: A Survey of Workers and Employers 2016 CROSS-SECTOR REPORT NOVEMBER 2017 CONTENTS: 1 EXECUTIVE SUMMARY... 1 INTRODUCTION... 1 WORKPLACE

More information

Reporting of Injuries Diseases and Dangerous Occurrences at Work

Reporting of Injuries Diseases and Dangerous Occurrences at Work Reporting of Injuries Diseases and Dangerous Occurrences at Work Guidance for University Departments and Functions May 2012 Safety Services Office 1. INTRODUCTION 1.1 This publication gives guidance on

More information

RISK MANAGEMENT GUIDELINES, PRIORITIZATION, AND PROCESS

RISK MANAGEMENT GUIDELINES, PRIORITIZATION, AND PROCESS RISK MANAGEMENT GUIDELINES, PRIORITIZATION, AND PROCESS Modified Extract of a Presentation by Nate Snorteland, P.E. Director, USACE Risk Management Center Presenter Bruce Rogers, P.G. USACE Philadelphia

More information

BROCKWOOD PARK SCHOOL & INWOODS SMALL SCHOOL

BROCKWOOD PARK SCHOOL & INWOODS SMALL SCHOOL BROCKWOOD PARK SCHOOL & INWOODS SMALL SCHOOL RISK ASSESSMENT POLICY Last Review Date August 2018 Policy endorsed by Policy is maintained by ISI reference The Trustees, Principal & Inwoods Head Teacher

More information

Risk Perception and Communication Unplugged: Twenty Years of Process (B. Fischhoff)

Risk Perception and Communication Unplugged: Twenty Years of Process (B. Fischhoff) Risk Perception and Communication Unplugged: Twenty Years of Process (B. Fischhoff) Management Context: The sophistication of technology for risk management requires that public and institutional risk

More information

ChurchSafety InfoSheet: Risk Assessment

ChurchSafety InfoSheet: Risk Assessment ChurchSafety InfoSheet: Risk Assessment Risk Assessment is perhaps the most important part of Health and Safety because it allows you to find out about what could cause harm to people in your Church or

More information

Health and Safety Procedure: Risk Assessment. 1. Introduction

Health and Safety Procedure: Risk Assessment. 1. Introduction Health and Safety Procedure: Risk Assessment 1. Introduction 1.1. The purpose of this Procedure is to set out the London School of Economics (hereafter the School or LSE) arrangements for undertaking risk

More information

Job Safety Analysis Preparation And Risk Assessment

Job Safety Analysis Preparation And Risk Assessment Job Safety Analysis Preparation And Risk Assessment Sample Only Reference CPL_PCR_JSA_Risk_Assessment Revision Number SAMPLE ONLY Document Owner Sample Date 2015 File Location Procedure Revision Date Major

More information

YOUR ULTIMATE DEADLINE What happens to my superannuation when I die? SEPL s death benefits guide

YOUR ULTIMATE DEADLINE What happens to my superannuation when I die? SEPL s death benefits guide YOUR ULTIMATE DEADLINE What happens to my superannuation when I die? SEPL s death benefits guide KNOWLEDGE + INNOVATION + SKILL = SOLUTIONS DON T RISK MISSING YOUR ULTIMATE DEADLINE 0 Table of contents

More information

Running Head: The Value of Human Life 1. The Value of Human Life William Dare The University of Akron

Running Head: The Value of Human Life 1. The Value of Human Life William Dare The University of Akron Running Head: The Value of Human Life 1 The Value of Human Life William Dare The University of Akron Running Head: The Value of Human Life 2 Outline I. Introduction II. Literature Review Economic Value

More information

SMART PLANNING FOR SMART PEOPLE. guide to investing

SMART PLANNING FOR SMART PEOPLE. guide to investing SMART PLANNING FOR SMART PEOPLE guide to investing 2 GUIDE TO INVESTING 3 INTRODUCTION Contents What does investing mean? 4 Understanding your needs and requirements 6 Understanding risk 8 Spreading the

More information

RISK ASSESSMENT POLICY 2018

RISK ASSESSMENT POLICY 2018 RISK ASSESSMENT POLICY 2018 INTRODUCTION A risk assessment is an important tool in protecting employees, parents, children and visitors by analysing hazards and identifying risk reduction measures. The

More information

Congratulations! You ve decided to get to grips with your. Exploring the Basics COPYRIGHTED MATERIAL. Chapter 1

Congratulations! You ve decided to get to grips with your. Exploring the Basics COPYRIGHTED MATERIAL. Chapter 1 In This Chapter Chapter 1 Exploring the Basics Benefiting from getting a grasp on your finances Looking at your financial picture Working out how you can get out of debt Figuring out what you want from

More information

Economics 318 Health Economics. Midterm Examination II March 21, 2013 ANSWER KEY

Economics 318 Health Economics. Midterm Examination II March 21, 2013 ANSWER KEY University of Victoria Department of Economics Economics 318 Health Economics Instructor: Chris Auld Midterm Examination II March 21, 2013 ANSWER KEY Instructions. Answer all questions. For multiple choice

More information

Type: Services. Related Personal Outcome Measure: I Feel Safe. Code: 1.8. Date Released: 29 / 05 / Date/s Released: 21 / 11 / 2003

Type: Services. Related Personal Outcome Measure: I Feel Safe. Code: 1.8. Date Released: 29 / 05 / Date/s Released: 21 / 11 / 2003 Title: Risk Management for People Using Association Services Type: Services Policy / Procedure Details Related Personal Outcome Measure: I Feel Safe Code: 1.8 Original Version Details Revised Version/s

More information

Risk criteria in EU. V.M. Trbojevic Risk Support Limited, London, U.K.

Risk criteria in EU. V.M. Trbojevic Risk Support Limited, London, U.K. Risk criteria in EU V.M. Trbojevic Risk Support Limited, London, U.K. ABSTRACT: This paper focuses on risk criteria used in the EU for population living in vicinity of hazardous facilities. The criteria

More information

What is the Regulatory Reform (Fire Safety) Order 2005 (FSO)?

What is the Regulatory Reform (Fire Safety) Order 2005 (FSO)? Frequently asked questions What is the Regulatory Reform (Fire Safety) Order 2005 (FSO)? The Regulatory Reform Order (Fire Safety) 2005 came into force on 1 October 2006, and replaced over 70 separate

More information

UNDERSTANDING RISK TOLERANCE CRITERIA. Paul Baybutt. Primatech Inc., Columbus, Ohio, USA.

UNDERSTANDING RISK TOLERANCE CRITERIA. Paul Baybutt. Primatech Inc., Columbus, Ohio, USA. UNDERSTANDING RISK TOLERANCE CRITERIA by Paul Baybutt Primatech Inc., Columbus, Ohio, USA www.primatech.com Introduction Various definitions of risk are used by risk analysts [1]. In process safety, risk

More information

TOLERABLE RISK FOR DAMS: HOW SAFE IS SAFE ENOUGH? David S. Bowles 1

TOLERABLE RISK FOR DAMS: HOW SAFE IS SAFE ENOUGH? David S. Bowles 1 TOLERABLE RISK FOR DAMS: HOW SAFE IS SAFE ENOUGH? David S. Bowles 1 To grapple with this topic requires that we cross the boundary from the technical world of dam safety engineering into the far more subjective

More information

Engineering as Social Experimentation

Engineering as Social Experimentation Engineering as Social Experimentation Engineering/Experimentation Comparison Engineering Objective is to solve problems which often involves: - unknowns - uncertain outcome - monitor, learn from past experiments

More information

Reporting of Injuries Diseases and Dangerous Occurrences at Work

Reporting of Injuries Diseases and Dangerous Occurrences at Work Reporting of Injuries Diseases and Dangerous Occurrences at Work Guidance for University Departments and Functions November 1996 Safety Services Office 1. INTRODUCTION 1.1 This publication gives guidance

More information

Top 5 Bookkeeping Strategies That Will Save You Thousands!!

Top 5 Bookkeeping Strategies That Will Save You Thousands!! Top 5 Bookkeeping Strategies That Will Save You Thousands!! BY HITESH MOHANLAL The Experts in Tax Minimisation Tel 1300 440 316 info@crystalclearbookkeeping.com.au www.crystalclearbookkeeping.com.au Introduction

More information

Thinking about retirement?

Thinking about retirement? UPDATED AUG 2010 UPDATED APRIL 2011 Thinking about retirement? Contents Update on the recent changes [2-3] Key Considerations [3-4] Options [4-5] Lifetime Annuity [5-7] Investment Linked Annuity [7-8]

More information

Life Insurance. Level term policies will pay out the same amount whenever you claim, no matter how far you are into the policy.

Life Insurance. Level term policies will pay out the same amount whenever you claim, no matter how far you are into the policy. Insurances: A Guide Hello, and welcome to our guide to mortgage-related insurances, which we hope will give you a useful introduction to the types of cover you can take out to protect your home and family.

More information

Worcestershire Federation of Young Farmers Clubs

Worcestershire Federation of Young Farmers Clubs Health & Safety Why is YFC interested in Health & Safety? YFC is committed to providing a safe environment in which young people can enjoy the full range of activities that YFC is able to offer. YFC recognises

More information

A REPORT ON PROTECTING YOUR ASSETS

A REPORT ON PROTECTING YOUR ASSETS T H E H E R I T A G E C O M P A N I E S Protecting Your Families Future A REPORT ON PROTECTING YOUR ASSETS WHITE PAPER 2008 telephone: 831-438-5047 fax: 831-438-3004 w w w. s a f e a n d s e c u r e a

More information

APPENDIX IN SUPPORT OF LAAG/3/H NUCLEAR ASSESSMENT CRITERIA (extracts from relevant guidelines and letters) TRUDY AUTY, BSc, ARCS FOR LAAG

APPENDIX IN SUPPORT OF LAAG/3/H NUCLEAR ASSESSMENT CRITERIA (extracts from relevant guidelines and letters) TRUDY AUTY, BSc, ARCS FOR LAAG TOWN AND COUNTRY PLANNING ACT 1990 - SECTION 77 AND TOWN AND COUNTRY PLANNING (INQUIRIES PROCEDURE) (ENGLAND) RULES 2000 APPLICATIONS BY LONDON ASHFORD AIRPORT LTD SITE AT LONDON ASHFORD AIRPORT LIMITED,

More information

KEY GUIDE. Taking income at retirement

KEY GUIDE. Taking income at retirement KEY GUIDE Taking income at retirement Planning the longest holiday of your life There comes a time when you stop working for your money and put your money to work for you. For most people, that is retirement.

More information

Guide to buying an annuity

Guide to buying an annuity Guide to buying an annuity 2 Welcome to our guide to buying an annuity You now have more choice than ever before when it comes to using your pension savings. Of course having more options can make it difficult

More information

2 GUIDE TO INVESTING

2 GUIDE TO INVESTING GUIDE TO INVESTING At Intrinsic our approach to investment advice is based on clearly understanding your financial situation, your goals, and how much risk you are prepared to take with your money. 2 GUIDE

More information

Dilemmas in risk assessment

Dilemmas in risk assessment Dilemmas in risk assessment IRS, Stockholm www.irisk.se Perspectives: Accidents & Safety Industry Occupational safety Medical services Transport Energy etc. Themes Terminology and concepts Risk assessment

More information

AN APPROACH TO THE SAFE MANAGEMENT OF THE STORAGE OF MILITARY EXPLOSIVES BASED ON QUANTITATIVE RISK ASSESSMENT

AN APPROACH TO THE SAFE MANAGEMENT OF THE STORAGE OF MILITARY EXPLOSIVES BASED ON QUANTITATIVE RISK ASSESSMENT AN APPROACH TO THE SAFE MANAGEMENT OF THE STORAGE OF MILITARY EXPLOSIVES BASED ON QUANTITATIVE RISK ASSESSMENT DR J CONNOR CHAIRMAN, EXPLOSIVES STORAGE AND TRANSPORT COMMITTEE, MODUK INTRODUCTION 1. The

More information

DECISION AND REASONS

DECISION AND REASONS Upper Tribunal (Immigration and Asylum Chamber) Appeal Number: IA/17105/2012 THE IMMIGRATION ACTS Heard at Field House Determination Promulgated On 21 April 2015 On 10 June 2015 Before UPPER TRIBUNAL JUDGE

More information

ESTATE PLANNING FACT SHEET

ESTATE PLANNING FACT SHEET What is a Will? ESTATE PLANNING FACT SHEET A Will is a written legal document which sets out your wishes following your death ranging from who is to receive your property and possessions to who is to look

More information

Understanding investment risk

Understanding investment risk Pilling & Co Stockbrokers Ltd Understanding investment risk This guide is designed to help you understand investment risk so that you only invest in a manner that is consistent with your attitude to risk.

More information

17. Insurance. What is insurance? What protection does my Club have?

17. Insurance. What is insurance? What protection does my Club have? 17. Insurance What is insurance? Insurance is something you buy to protect against financial loss. By paying an ongoing fee ( premium ) to another party ( Insurer ) you agree that should a particular risk

More information

FREE Parent Life Cover

FREE Parent Life Cover Free Life Cover FREE Parent Life Cover A helping hand to protect your family Free Parent Life Cover Aim Cost of cover Time period Jargonfree To kick start protecting your family by giving each parent 25,000

More information

Acceptable risk for critical facilities subjected to geohazards

Acceptable risk for critical facilities subjected to geohazards Acceptable risk for critical facilities subjected to geohazards Farrokh Nadim, ScD Technical Director, Norwegian Geotechnical Institute NORDRESS Workshop on Risk Assessment and Acceptable Risk IMO, Reykjavik,

More information

PENSIONS INVESTMENTS LIFE INSURANCE FREE LIFE INSURANCE A HELPING HAND TO PROTECT YOUR LOVED-ONES

PENSIONS INVESTMENTS LIFE INSURANCE FREE LIFE INSURANCE A HELPING HAND TO PROTECT YOUR LOVED-ONES PENSIONS INVESTMENTS LIFE INSURANCE FREE LIFE INSURANCE A HELPING HAND TO PROTECT YOUR LOVED-ONES FREE LIFE INSURANCE Aim To give you a head start with your life insurance needs. Cost of cover Absolutely

More information

Guide to. buying an annuity

Guide to. buying an annuity Guide to buying an annuity 2 Guide to buying an annuity Welcome to our guide to buying an annuity You now have more flexibility than ever before when it comes to using your pension savings. Of course all

More information

Western Power Distribution: consumerled pension strategy

Western Power Distribution: consumerled pension strategy www.pwc.com Western Power Distribution: consumerled pension strategy Workstream 3: Stakeholder engagement Phase 2 Domestic and Business bill-payers focus groups October 2016 Contents Workstream overview

More information

FOOD SAFETY RISK ANALYSIS

FOOD SAFETY RISK ANALYSIS Appendix D FOOD SAFETY RISK ANALYSIS 1.0 RISK IN FOOD PROCESSING 1.1 Risk Analysis 1.2 Risk Assessment 1.3 When to do a Risk Assessment 1.4 Risk Assessment and HACCP 1.5 The Health Risk Assessment Model

More information

RISK MANAGEMENT POLICY

RISK MANAGEMENT POLICY RISK MANAGEMENT POLICY TABLE OF CONTENTS PAGE 1. BACKGROUND 3 2. MATERIAL BUSINESS RISK 3 3. RISK TOLERANCE 4 4. OUTLINE OF ARTEMIS RESOURCE LIMITED S RISK MANAGEMENT POLICY 5 5. RISK MANAGEMENT ROLES

More information

Module 4 Introduction Programme. Attitude to risk

Module 4 Introduction Programme. Attitude to risk Module 4 Introduction Programme module 4 Attitude to risk In this module we take a brief look at the risk associated with spread betting in comparison to other investments. We also take a look at risk

More information

Risk Management. At the Cambridge Science Festival. Occupational Health & Safety Service

Risk Management. At the Cambridge Science Festival. Occupational Health & Safety Service Risk Management At the Cambridge Science Festival Occupational Health & Safety Service TIGER IMAGING Reasons for undertaking risk management Duty of care to provide a safe workplace for event staff, volunteers

More information

RISK ACCEPTANCE CRITERIA OR HOW SAFE IS SAFE ENOUGH?

RISK ACCEPTANCE CRITERIA OR HOW SAFE IS SAFE ENOUGH? RISK ACCEPTANCE CRITERIA OR HOW SAFE IS SAFE ENOUGH? John B. Cornwell and Mark M. Meyer Presented At II Risk Control Seminar Petróleos de Venezuela Puerto La Cruz, Venezuela October 13, 1997 Presented

More information

Safety Economics and Sustainable Performance - Risk Based Implementation of Safety Measures

Safety Economics and Sustainable Performance - Risk Based Implementation of Safety Measures Safety Economics and Sustainable Performance - Risk Based Implementation of Safety Measures This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International (CC BY-ND 4.0) Licence

More information

ALARP Guidance Part of the Petroleum Safety Framework and the Gas Safety Regulatory Framework

ALARP Guidance Part of the Petroleum Safety Framework and the Gas Safety Regulatory Framework ALARP Guidance Part of the Petroleum Safety Framework and the Gas Safety Regulatory Framework DOCUMENT TYPE: Policy Proposal Document REFERENCE: CER/15/212 DATE PUBLISHED: 6 October 2015 VERSION 3.0 QUERIES

More information

RISK ATTITUDE PROFILING QUESTIONNAIRE FACTSHEET

RISK ATTITUDE PROFILING QUESTIONNAIRE FACTSHEET This is for financial adviser use only and shouldn t be relied upon by any other person. RISK ATTITUDE PROFILING QUESTIONNAIRE FACTSHEET Our Risk Attitude Profiling Questionnaire is based on the A2Risk

More information

Unit 4.3: Uncertainty

Unit 4.3: Uncertainty Unit 4.: Uncertainty Michael Malcolm June 8, 20 Up until now, we have been considering consumer choice problems where the consumer chooses over outcomes that are known. However, many choices in economics

More information

Health & Safety Policy HSP 06 Asbestos Management Version Status Date Title of Reviewer Purpose/Outcome

Health & Safety Policy HSP 06 Asbestos Management Version Status Date Title of Reviewer Purpose/Outcome Health & Safety Policy HSP 06 Asbestos Management Version Status Date Title of Reviewer Purpose/Outcome 1.0 Draft 07.03.2016 David Maine 1 st Draft for consultation/review 1.1 Approved 22.12.2016 David

More information

Drawdown: the guide Drawdown: the guide 1

Drawdown: the guide Drawdown: the guide 1 Drawdown: the guide Drawdown: the guide 1 Drawdown versus annuity Drawdown offers extra flexibility and the potential for better returns or more income from a pension pot - given the relatively low returns

More information

Common Investment Benchmarks

Common Investment Benchmarks Common Investment Benchmarks Investors can select from a wide variety of ready made financial benchmarks for their investment portfolios. An appropriate benchmark should reflect your actual portfolio as

More information

COUNCIL OF THE EUROPEAN UNION. Brussels, 4 June /14 Interinstitutional File: 2013/0340 (NLE) ATO 45

COUNCIL OF THE EUROPEAN UNION. Brussels, 4 June /14 Interinstitutional File: 2013/0340 (NLE) ATO 45 COUNCIL OF THE EUROPEAN UNION Brussels, 4 June 2014 10410/14 Interinstitutional File: 2013/0340 (NLE) ATO 45 NOTE from: General Secretariat of the Council to: Delegations No. Cion prop.: 15030/13 ATO 119

More information

2.1.The radiation safety legislation is comprised of the Constitution of Mongolia; this law,

2.1.The radiation safety legislation is comprised of the Constitution of Mongolia; this law, LAW OF MONGOLIA ON RADIATION PROTECTION AND SAFETY Chapter One General Provisions Article I Purpose of the law 1.1.The purpose of this law is to specify basic requirements for the healthy environment and

More information

How Do You Calculate Cash Flow in Real Life for a Real Company?

How Do You Calculate Cash Flow in Real Life for a Real Company? How Do You Calculate Cash Flow in Real Life for a Real Company? Hello and welcome to our second lesson in our free tutorial series on how to calculate free cash flow and create a DCF analysis for Jazz

More information

Statement on behalf of DG Energy

Statement on behalf of DG Energy Statement on behalf of DG Energy Mr Gerassimos Thomas, Deputy Director-General, Directorate-General for Energy, European Commission 20 YEARS OF RADIATION MONITORING DATA EXCHANGE IN EUROPE Brussels, 23

More information

Presented By: Ray Michelena Safety Director / Seminar Instructor T.J.Snow Co., Inc.

Presented By: Ray Michelena Safety Director / Seminar Instructor T.J.Snow Co., Inc. Presented By: Ray Michelena Safety Director / Seminar Instructor T.J.Snow Co., Inc. Safety in our industrial facilities is a priority. Industrial plants have a moral and legal obligation to provide equipment

More information

an intelligent investment solution

an intelligent investment solution an intelligent investment solution 2 investing money today Investing money has never been easy, but these days it seems especially difficult: Uncertainty - Investment markets don t seem to be behaving

More information

ACCEPTABLE AND UNACCEPTABLE RISK: ANTICIPATION AND ACCOUNTABILITY

ACCEPTABLE AND UNACCEPTABLE RISK: ANTICIPATION AND ACCOUNTABILITY ACCEPTABLE AND UNACCEPTABLE RISK: ANTICIPATION AND ACCOUNTABILITY Tom Vilsack* Much of what has been discussed during this Symposium has focused on the financial consequences of risk and who is responsible

More information

Do you y your vital statistics? tics? Using this unit UNIT 2. Mathematical content. Spiritual and moral development

Do you y your vital statistics? tics? Using this unit UNIT 2. Mathematical content. Spiritual and moral development Do you y know your vital statistics? tics?? UNIT 2 In this unit students will use a range of real mortality statistics in order to cover areas of handling data and probability. At the same time it is hoped

More information

GENERATING INCOME FOR LIFE

GENERATING INCOME FOR LIFE GENERATING INCOME FOR LIFE larry norman 1 1 President of Financial Services Group, he obtained his first degree and Master s at the University of North Iowa. He joined Aegon Life Investors in 1987 and

More information

APPLICATION OF LOPA AND SIL ASSESSMENT TO A NEW COMAH PLANT

APPLICATION OF LOPA AND SIL ASSESSMENT TO A NEW COMAH PLANT APPLICATION OF LOPA AND ASSESSMENT TO A NEW COMAH PLANT Jerry Mullins Principal Consultant, Abbott Risk Consulting, Manchester, UK High hazard industries such as those regulated by COMAH face a number

More information

Make Failure Tolerable

Make Failure Tolerable 1 Make Failure Tolerable George P. Shultz These are tough times for the U.S. economy and for many others around the world. Tense moments in the last half of 2008 produced unprecedented actions that, according

More information

Project Assessment Report ONR-SEL-PAR Revision 0B 29 February 2016 OFFICIAL. Template Ref.: ONR-DOC-TEMP-005 Revision 11 Page 1 of 13

Project Assessment Report ONR-SEL-PAR Revision 0B 29 February 2016 OFFICIAL. Template Ref.: ONR-DOC-TEMP-005 Revision 11 Page 1 of 13 Project Assessment Revision 0B 29 February 2016 Template Ref.: ONRDOCTEMP005 Revision 11 Page 1 of 13 Office for Nuclear Regulation, 2016 If you wish to reuse this information visit www.onr.org.uk/copyright

More information

Step 2: Decide Who Might be Harmed and How. Step 3: Evaluate the Risks and Decide on Precautions. Step 4: Record Your Findings and Implement Them

Step 2: Decide Who Might be Harmed and How. Step 3: Evaluate the Risks and Decide on Precautions. Step 4: Record Your Findings and Implement Them r o f t n e m e g a n a M s p k i s r i T R d n a s e r u t x i F y Awa Ris y g e t a r t ks CONTENTS Section 1: Section 2: Section 3: Introduction The Risk Management Process The Types of Risks Faced

More information

FINANCIAL SERVICES TEAM DECISION MAKING EVENT PARTICIPANT INSTRUCTIONS

FINANCIAL SERVICES TEAM DECISION MAKING EVENT PARTICIPANT INSTRUCTIONS CAREER CLUSTER Finance INSTRUCTIONAL AREA Financial Analysis FINANCIAL SERVICES TEAM DECISION MAKING EVENT PARTICIPANT INSTRUCTIONS The event will be presented to you through your reading of the 21 st

More information