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Comparative risk is the process of identifying, analyzing and comparing risks to support decision making and processes. The following are common examples.
SustainabilityThe term comparative risk is associated with sustainability. The best-available techniques in an industry may consume resources and produce waste. As such, sustainability is often about comparing risks and taking the least damaging path.Health & MedicinePlanning for community health or recommending medical treatments is often a process of weighing competing risks. For example, nutrition recommendations might require trade-offs based on the food products available to a community.
Business StrategyBusiness strategies such as project approaches can be compared on a risk basis using tools such as risk values.|
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