WEDNESDAY, MAY 6, 2020
Risk Assessment: How to evaluate and quantify the potential of hazards
Wednesday, May 13, 2020
1:00 p.m.
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Join Exponent for a 60 minute webinar on Risk Assessment!
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Emily Skow
Principal Scientist
Exponent
Email
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At times risk assessments are a process for assessing the impact, occurrence, and outcome of human activities involving systems/products with potentially hazardous characteristics. These can be a valuable process to inform decisions about risk management. Such risk assessments can endeavor to address four issues: 1) identification of potential hazards or risk scenarios, 2) probability of exposure to those hazards or scenarios, 3) the resulting consequence(s) of exposure, and 4) how to mitigate the risk. The approach and process of performing a risk assessment can vary and a number of tools and methodologies have been developed to assist with the process. Data to support underlying issues can be limited, which can have consequences for the overall validity and reliability of the risk assessment. This webinar will walk you through the European Rapid Information System's (RAPEX) Risk Assessment Guidelines (RAG). This regulatory guidance system offers a unified system of parameters for categorizing and estimating risk in hypothetical scenarios, and as a result has gained increasing credibility as a risk assessment practice outside the EU. Ultimately, methods for quantifying risk attempt to be as unequivocal and precise as possible; such methods can enable risk assessments to scale and improve transparency of the risk assessment process.
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MDTC-Promoting Excellence in Civil Litigation
(517) 627-3745 – www.mdtc.org
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