Risk Aggregation

Oil & Gas Drilling Glossary - IADCLexicon.org

Glossary

Browse the IADC Lexicon alphabetically or by category. Get comprehensive definitions of drilling industry terms.

FAQ

Need help using the IADC Lexicon? The FAQ section will answer most of your questions, and you can also submit questions directly.

Contribute

Become a Lexicon Contributor. Simply fill out the form, then submit new terms for approval and/or edit existing terms.

Definition(s)

Risk aggregation

Combination of a number of risks into one risk (1.1) to develop a more complete understanding of the overall risk.

Source: ISO Guide 73:2009(E/F), Risk Management – Vocabulary, First Edition, 2009. Global Standards

Comments are closed.