ABSTRACT
The risk-informed approach aims to integrate in a systematic manner quantitative and qualitative, deterministic and probabilistic safety considerations to obtain a balanced decision. In particular, there is explicit consideration of both the chances of events and their potential consequences together with such factors as good engineering practice and sound managerial arrangements. The basic components of risk, chances of occurrence and consequence, are based on sound knowledge or data from experience, or derived from a formal, structured analysis such as a PSA.
