Risk acceptance criteria are standards of judging used as a basis for decisions about acceptable risk, during the risk evaluation phase of risk analysis. Indeed, risk evaluation consists of comparing risk analysis results with risk criteria in order to determine whether or not a specified level of risk is acceptable or tolerable.
These slides develop the distinction between acceptability and tolerability of risks, describe the factors that influence acceptability, and outline a number of decision rules used in various industrial sectors to determine which levels of risk are acceptable (absolute targets, ALARP principle, GAME, etc.).
This submodule is a part of the risk management module.
Risk acceptability and tolerability
We recommend the following sources of further information on this topic:
Reducing risk, protecting people: HSE’s decision-making process, UK Health and Safety Executive, 2001
Report Exploring Risk Appetite and Risk Tolerance by the Risk and Insurance Management Society (RIMS), 2012