Definition(s)
Unacceptable Risk
Level of risk at which, given costs and benefits associated with further risk reduction measures, action is deemed to be warranted at a given point in time.
Source:API STANDARD 780, Security Risk Assessment Methodology for the Petroleum and Petrochemical Industries, First Edition, May 2013. Global Standards
Unacceptable Risk
Definition: level of risk at which, given costs and benefits associated with further risk reduction measures, action is deemed to be warranted at a given point in time.
Sample Usage: The presence of contaminants in excess of a certain level represents an unacceptable risk to public health.
Source: DHS Risk Lexicon, U.S. Department of Homeland Security, 2010 Edition. September 2010 Regulatory Guidance