Definition(s)
Consequence Assessment
Product or process of identifying or evaluating the potential or actual effects of an event, incident, or occurrence.
Source:API STANDARD 780, Security Risk Assessment Methodology for the Petroleum and Petrochemical Industries, First Edition, May 2013. Global Standards
Consequence Assessment
Product or process of identifying or evaluating the potential or actual effects of an event, incident, or occurrence.
Sample Usage: The consequence assessment for the hurricane included estimates for human casualties and property damage caused by the landfall of the hurricane and cascading effects.
Source: DHS Risk Lexicon, U.S. Department of Homeland Security, 2010 Edition. September 2010 Regulatory Guidance