business as usual Archives

Business as usual definition in Risk Assessment

Business as usual definition in risk assessment, as defined in our day-to-day practice, is an unchanging state of affairs. That is, despite the occurrence of non-divergent hazards of any kind (man-made, natural). An example of business as usual and non divergent hazard For instance, the variability of any parameter as considered and specified in the design of a system is “business as usual”. Therefore that variability does not represent a hazard. For example, the variation of the oil price of…