Risk Presentation and Risk Acceptance Criteria

Abstract

There is a long tradition in the Norwegian offshore industry of the use of risk acceptance criteria. At present however, there is an ongoing debate about whether one should continue to use risk acceptance criteria or not. The author actually favours an alternative approach, whereby generation of alternatives and ALARP assessments replace the more mechanistic use of risk acceptance criteria. This is discussed at length in Aven and Vinnem (2007).