Language of Risk - FLOODsite

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FLOODsite Language of Risk 2 nd Ed. Contract No:GOCE-CT-2004-505420 Page intentionally blank T32_04_01_ FLOODsite_Language_of_Risk_D32_2_v5_2_P1 30 April 2009 iv
FLOODsite Language of Risk 2 nd Ed. Contract No:GOCE-CT-2004-505420 CONTENTS Document Information ii Document History ii Acknowledgement ii Disclaimer ii Summary iii Contents v 1. Introduction ......................................................................................................................1 1.1 Terms of reference ...............................................................................................1 1.2 The Risk of Language..........................................................................................1 1.3 The Layout of this Document ..............................................................................2 2. Process..............................................................................................................................3 3. Concepts ...........................................................................................................................4 3.1 What is risk? ........................................................................................................4 3.2 What are the units of risk? ...................................................................................5 3.3 How is the significance of risk perceived? ..........................................................6 3.4 How can the acceptance of risk be studied and measured?..................................7 3.4.1 Principles ................................................................................................7 3.4.2 Analysis of revealed preferences............................................................8 3.4.3 Analysis of expressed preferences..........................................................8 3.4.4 Cost-benefit analysis...............................................................................8 3.4.5 Multi-criteria analysis.............................................................................8 3.5 How is risk managed?..........................................................................................8 3.6 What is uncertainty? ............................................................................................9 3.6.1 Uncertainty in Science and Technology.................................................9 3.6.2 Uncertainty in a Social Science context ...............................................10 3.6.3 Uncertainty and decisions.....................................................................11 3.7 Expressing uncertainties ....................................................................................11 3.8 Effect of uncertainty on management decisions ................................................11 4. Key definitions and discussion .......................................................................................13 4.1 Hazard................................................................................................................13 4.2 Vulnerability ......................................................................................................13 4.3 Risk ....................................................................................................................14 4.4 Exposure ............................................................................................................15 4.5 Consequence ......................................................................................................16 4.6 Flood ..................................................................................................................16 4.7 Flood Risk Management ....................................................................................16 4.8 Risk Analysis .....................................................................................................17 4.9 Risk Assessment ................................................................................................17 4.10 Risk Management Measure................................................................................17 4.11 Scenario..............................................................................................................18 4.12 Strategy ..............................................................................................................18 4.13 Sustainable development....................................................................................19 4.14 Sustainable flood risk management ...................................................................19 5. Glossary..........................................................................................................................22 T32_04_01_ FLOODsite_Language_of_Risk_D32_2_v5_2_P1 30 April 2009 v
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Language of Risk - FLOODsite

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