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3 Examples of Comparative Risk

 , updated on July 12, 2023
Comparative risk is the process of identifying, analyzing and comparing risks to support decision making and processes. The following are common examples.


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
The process of identifying, analyzing and comparing risks.
Related Concepts
Next: Risk Acceptance
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Acceptable Risk
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Business Risks
Calculated Risk
Cascading Failure
Contingency Plan
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Moment Of Risk
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Political Risk
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Business As Usual

An overview of business as usual.

Risk Mitigation

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Risk Control

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Risk Value

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Risk Impact

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Overview of the steps in a risk management process.

Risk Analysis

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A definition of qualitative risk analysis with an example.

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Risk Exposure

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