Posted On: November 4, 2011
Risk Assessment Expert Witnesses
Risk assessment expert witnesses may testify on the risk management process, risk analysis, enterprise risk management, and associated matters. In Uncertainty in Probabilistic Risk Assessment: A Review, A.R. Daneshkhah writes:
Risk assessment is widely recognized as a systematic process for quantitatively (or qualitatively) describing risk. Risk is commonly described as a combination of the likelihood of an undesirable event (accident) occurring and its consequences. Alternatively, Kaplan (1997) expressed risk as a mathematical combination of an accident's event probability of occurrence and the consequence of that event should it occur.
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