Risk
People, assets, and the environment close to an industrial facility are subjected to risk by the mere presence of such a facility.
The key is to decide what type and level of risk is accepted against the benefits entailed in the use of the production of mentioned industry.
In order to decide whether this risk is acceptable, its magnitude should be estimated. This implies the performance of a systematic analysis of the consequences that may impact on the population, the environment, and material assets.
The analysis of these risks and their assessment allows for the estimation of the potential hazard level of an industrial activity for the population, the environment, and material assets.
A risk analysis studies, assesses, measures, and prevents failures in systems and operative procedures that may initiate and trigger unexpected events (accidents) affecting the population, the environment, and the material assets.