Why are only the results of a quantitative risk assessment listed?
The output of descriptive and qualitative risk assessments is generally a categorization of levels of risk. The output of a quantitative risk assessment is generally expressed in numeric form. However this numeric measure is generally translated into a categorization of risk for managers within the whole analysis process. The group proposed that a paragraph be inserted in the Code prior to the risk assessment steps (Section 1.3.2.4) that emphasizes that the process of risk assessment consists of different steps including hazard identification, release assessment, exposure assessment and consequence assessment. However these steps, with the exception of hazard identification, can be conducted in any order as deemed appropriate. What is the real end point of a risk analysis? At this point, most risk analyses end with a “recommendation” on action to be taken by the importing country. This, however, may not represent a true or final output which may actually take the form of an “annualized
