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3 Examples of Comparative Risk

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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.

Sustainability

The 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 & Medicine

Planning 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 Strategy

Business strategies such as project approaches can be compared on a risk basis using tools such as risk values.
Overview: Comparative Risk
Type
Definition
The process of identifying, analyzing and comparing risks.
Related Concepts
Next: Risk Acceptance
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Calculated Risk
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Risk Management

An overview of the risk management process.

Cascading Failure vs Resilience

An overview of cascading failure and resilience.

Business As Usual

An overview of business as usual.

Risk Mitigation

A list of techniques for reducing risk.

Risk Mitigation vs Risk Reduction

The difference between risk mitigation and risk reduction.

Risk Control

A list of common risk controls.

Risk Value

A definition of risk value with example calculation.

Risk Impact

The common types of risk impact.

Risk Communication

A definition of risk communication with examples.

Risk Management Process

Overview of the steps in a risk management process.

Risk Analysis

A complete guide to risk analysis.

Risk Probability

The common ways to model risk probability.

Qualitative Risk Analysis

A definition of qualitative risk analysis with an example.

Cost Of Risk

A definition of cost of risk with examples.

Risk Perception

A definition of risk perception with examples.

Risk vs Hazard

The difference between a risk and a hazard with examples.

Swot Threats

A list of threats for SWOT analysis.

What-if Analysis

The definition of what-if analysis with examples.

External Factors

A list of common external factors.

Risk Exposure

A definition of risk exposure with example calculations.
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