riskantsed
Riskantsed is a term encountered in some contemporary discussions of risk management and governance. It denotes an approach that blends formal risk assessment with participatory decision-making processes to produce decisions that are risk-informed and socially acceptable. The term is not widely standardized and may appear in academic, policy, or industry discussions.
In contrast to traditional risk assessment, which focuses on quantifying probability and impact, riskantsed emphasizes stakeholder
Core elements include clear articulation of objectives, inclusive identification of stakeholders, use of scenarios and both
Applications span public policy, infrastructure planning, corporate risk management, and environmental or social impact assessments, where
Criticisms include potential for increased time and resource demands, susceptibility to influence by powerful interests, and