Title: Define risk and safety.
Course: Engineering Studies (21002) > Section: Applying Safety in Engineering Studies

Definition should include

- safety is the minimization of risk.
- risk is the exposure to the chance of injury, loss, or danger.
- risk management is the technique of weighing risk to make a positive change
- risk exists with new products and services and there is the potential for lawsuits.

Process/Skill Questions:

- What are the potential consequences of failure and benefits of success, short-term and long-term?
- What is the expected probability of any potential outcome?
- What are the threshold risk levels?