Risk-based decision making

{
  "id": "MLC-T-ENV-024400",
  "term": "Risk-based decision making",
  "field": "Environment",
  "term_source": "Risk-Based Decision Making",
  "definitions": [
    "1. Determination of a course of action predicated primarily on the assessment of risk and the expected impact of that course of action on that risk.\n\n2. An approach to regulatory decision-making in which such decisions are made solely based on the results of a probabilistic risk analysis.",
    "The term RBDM refers to a process through which decisions are made about contaminated sites according to the risk each site poses to human health and the environment. RBDM is a mechanism for identifying necessary and appropriate action at any phase of the corrective action process. Depending on known or anticipated risks to human health and the environment, appropriate action can include site closure, monitoring and data collection, active or passive remediation, containment, or imposition of institutional controls."
  ],
  "abbreviation": "RBDM",
  "subject": [
    "Research",
    "Land, waste and cleanup"
  ],
  "references": [
    "DHS Risk Steering Committee Risk Lexicon 2010 Edition",
    "USNRC 2005; Thesaurus of Terms Used in Microbial Risk Assessment",
    "Waste and Cleanup Risk Assessment Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/risk-based-decision-making/"
}