Resource
Risk-Informed Decision Making: Chapter 3 - Risk Assessment
Resource Type
Guidelines, Technical Manuals, Reference Books
Reference Title
Risk-Informed Decision Making: Chapter 3 - Risk Assessment
Organization/Agency
Federal Energy Regulatory Commission
Year
2016
Abstract/Additional Information
Risk Informed Decision-Making (RIDM) is a method of dam safety evaluation that uses the likelihood of loading, dam fragility, and consequences of failure to estimate risk. This risk estimate is used along with standards- based analyses to decide if dam safety investments are justified or warranted. This approach has many benefits including a greatly improved understanding of the safety of the dam and identifying dam safety vulnerabilities that have not been identified using standards-based evaluation techniques.
Chapter 3 provides an overview of the concepts of tolerable risk and as-low-as-reasonably-practicable, how risks are to be assessed, and dam safety decision making.
