Risk-based prioritization: A comparison of approaches
the use of analytical techniques for risk-based prioritization, both quantitative and non-quantitative, is becoming much more wide spread and organizations are tailoring analytical techniques for risk management to their particular needs. This has led to the use of different techniques for different applications within the same organization, and correspondingly, the need for management to reconcile the process and results of different risk-based prioritization approaches. Different risk-based prioritization methods may be used prioritize different types of activities, but eventually these prioritizations may need to be integrated to allocate organizational resources at a higher level or to develop an overall organizational budget. This paper focuses on comparing and contrasting the different risk-based approaches. The objective is to help management understand the different approaches, choose the best approach for their needs, and reconcile different approaches.
- Research Organization:
- Lawrence Livermore National Lab., CA (United States)
- Sponsoring Organization:
- USDOE, Washington, DC (United States)
- DOE Contract Number:
- W-7405-ENG-48
- OSTI ID:
- 10105690
- Report Number(s):
- UCRL-JC-115244; CONF-940312-47; ON: DE94003368
- Resource Relation:
- Conference: 2. Probabilistic safety assessment and management conference (PSAM),San Diego, CA (United States),20-24 Mar 1994; Other Information: PBD: Oct 1993
- Country of Publication:
- United States
- Language:
- English
Similar Records
The role of risk-based prioritization in total quality management
Identification and prioritization of high risk deteriorating support infrastructure - 15475