Acceptable risk

Acceptable Risk (ak-sep-tuh-buhl risk, from the Latin acceptabilis meaning "agreeable" and the Old Norse risk meaning "danger or hazard") is a term used in Risk Management, Public Health, and Medicine to denote the level of potential harm that is deemed tolerable by an individual, group, organization, or society in light of the benefits associated with a particular activity or situation.

Definition

In the context of Healthcare, an Acceptable Risk is a risk that is understood and willingly taken on by a patient after being fully informed of its potential consequences. This concept is closely related to Informed Consent, where the patient is made aware of the potential risks and benefits of a medical procedure or treatment.

In Risk Management, an Acceptable Risk is a risk that is considered tolerable without further action, given the current risk control measures in place. This is often determined through a Risk Assessment process, which involves identifying, analyzing, and evaluating the risks associated with a particular activity or situation.

Related Terms

• Risk Assessment
• Informed Consent
• Risk Management
• Public Health

See Also

• Risk Perception
• Risk Communication
• Risk-Benefit Analysis

External links

• Medical encyclopedia article on Acceptable risk
• Wikipedia's article - Acceptable risk

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