Elements and structure of the framework
The Risk-Based Decision-Making Framework was developed on a four-part foundation, building out of:
- a series of Risk Management Principles stating what must be observed in making decisions about risk;
- a communications and consultation policy describing expectations for the consultation and education of stakeholder groups and of the general public;
- a set of Risk Tolerability Criteria defining when a risk can be deemed acceptable in light of the benefits gained; and
- a policy for conduct of natural and social science assessments, including economic and social concern assessments, to ensure that they serve as credible inputs to risk management decisions.
The end result is the completed Risk-Based Decision-Making Framework presented here, made available through an online tool that constitutes the final part of the project. As the Framework sees more and more use, the Risk-Based Decision-Making Working Group will continue to monitor and gather feedback with an eye to continuous improvement and to ensuring that the Framework is always the best that it can be.
Click on the video links below for an overview of ABO’s Risk-Based Decision-Making framework to explore the 6 key stages.