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Risk and the risk management process




               1.4  The “as low as reasonably practicable” principles (ALARP)

                    The ALARP principle expresses a point at which the cost of additional risk
                     reduction would be grossly disproportionate to the benefits achieved


                    The ALARP principle is usually applied to safety critical, high integrity systems
                     where health and safety risks cannot be eliminated e.g. Oil rigs.







































































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