Title: Define risk and safety.
Course: Engineering Studies (21002) > Section: Practicing Engineering Fundamentals

Definition should include the following:

- Safety is the minimization of risk.
- Risk is the exposure to the chance of injury, loss, or danger.
- Risk management is the technique of weighing risk to make a positive change.
- There is risk with new products and services and the potential for lawsuits.

Process/Skill Questions:

- What are the potential consequences of failure and benefits of success, short-term and long-term?
- What is the expected probability of any potential outcome?
- What are the threshold risk levels?