Question:
What is the consequence of a risk occurring quantified by?
Author: Debbie Smith 447cAnswer:
-commercial terms (loss of $ value, replacement value), -environmental terms(such as contamination of a wetlands), -social terms (loss of amenity). Monetising all consequences is useful for combining a total impact. However, some consequences are difficult to monetise. (such as loss of an ecological species).
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Debbie Smith 447c