riskipõhine
Riskipõhine, meaning “risk-based” in Estonian, denotes an approach that concentrates actions and resources according to the level of risk identified in a given context. The core principle is to prioritize uncertainty and potential impact to achieve more effective outcomes. A risk-based approach typically involves identifying relevant risks, assessing their likelihood and consequence, and ranking them to guide decisions and allocations. It contrasts with uniform procedures that apply equally regardless of risk level.
A risk-based approach typically involves steps: risk identification, risk assessment (qualitative or quantitative), prioritization, response planning
Fields of use: In public regulation and inspections, risk-based regulation targets oversight where the risk is
Benefits and challenges: Benefits include improved efficiency, better protection of high-value assets, and more timely responses.