Oil and gas

Enabling confidence - addressing uncertainty in risk assessments

Download the position paper here

In recent years, regulators have put increasing emphasis on addressing uncertainty in risk assessments, in order to achieve better risk understanding, a prerequisite for improving safety. The challenge is that addressing uncertainty may be perceived as creating uncertainty; it may not be obvious how more focus on uncertainty adds value in a decision-making process.

The purpose of this position paper is to explain that uncertainty is an instrumental part of risk, and that assessing and communicating uncertainty can help clients tackle safety-critical decisions with more confidence. 

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Position Paper: Enabling confidence

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