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.
|Overview: Comparative Risk|
|Definition||The process of identifying, analyzing and comparing risks.|
|Related Concepts||Risk AnalysisRisk IdentificationRisk TreatmentRisk ManagementDecision Making|