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ALARP

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ALARP stands for As Low As Reasonably Practicable, and is a term
often used in the milieu of safety-critical and high-integrity systems. The
ALARP principle is that the residual risk shall be as low as reasonably
practicable.

It means that a risk is low enough that attempting to make it lower would
actually be more costly than any cost likely to come from the risk itself.
This is called a tolerable risk. The ALARP principle arises from the fact
that it would be possible to spend infinite time, effort and money
attempting to reduce a risk to zero. It should not be understood as simply
a quantitive measure of benefit against detriment. It is more a best
common practice of judgement of the balance of risk and societal
benefit.

Factors
In this context, risk is the combination of the frequency and the
consequence of a specified hazardous event.
The following factors are likely to be considered when deciding whether
or not a risk is tolerable.
Health and safety guidelines
The specification of the system
Industry standards
International standards and laws
Suggestions from advisory bodies

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Another factor that comes into the ALARP principle, is the cost of
assessing the improvement gained in an attempted risk reduction. In
extremely complex systems, this can be very high, and could be the
limiting factor in practicability of risk reduction.

Carrot diagrams
So called carrot diagrams are often used to display risks. They are called
carrot diagrams, because they have an elongated triangle in the centre,
which looks like a carrot, and indicates the high (reducible) risks at the
top and the low (insignificant) risks at the bottom. The region in between
is called the ALARP region.
Risk is a concept that denotes a potential negative impact to an asset or
some characteristic of value that may arise from some present process
or future event.
..... Click the link for more information.
Risk is a concept that denotes a potential negative impact to an asset or
some characteristic of value that may arise from some present process
or future event.
..... Click the link for more information.
This article is copied from an article on Wikipedia - the free encyclopedia created and edited by
online user community. The text was not checked or edited by anyone on our staff. Although the
vast majority of the Wikipedia encyclopedia articles provide accurate and timely information
please do not assume the accuracy of any particular article. This article is distributed under the
terms of GNU Free Documentation License.

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? Mentioned in
IEC 61508

IEC 61511

Risk

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alarums

Alarm Will Sound

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