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Lessons identified from applications of the Risk Analysis Quality Test Release 1.0
Robert Waller1,2,3, Margaret Coleman4, Samuel Denard5
1Protect Heritage Corp., Ottawa, Ontario, Canada.
Summary
The Risk Analysis Quality Test Release 1.0 (RAQT1.0) framework aids technical risk analysts and decision-makers in understanding risk assessment quality. Early applications across diverse fields confirmed its usefulness in identifying shortcomings and suggesting improvements.
Area of Science:
- Risk Analysis
- Decision Science
- Quality Management
Background:
- The Society for Risk Analysis (SRA) released the Risk Analysis Quality Test Release 1.0 (RAQT1.0) in 2020.
- RAQT1.0 was developed to foster shared understanding of risk assessment quality indicators.
- The framework aimed to gather feedback on its utility and potential improvements from early applications.
Purpose of the Study:
- To evaluate the utility of the RAQT1.0 framework.
- To assess the effectiveness of RAQT1.0 in diverse risk analysis domains.
- To identify areas for improvement in the RAQT1.0 framework based on practical applications.
Main Methods:
- The RAQT1.0 framework was applied retrospectively to past risk assessments and prospectively to guide future projects.
- Applications were conducted across three distinct fields: Quantitative Microbial Risk Assessment, Cultural Property Risk Analysis, and Software Development Cyber Risk Analysis.
Main Results:
- The RAQT1.0 framework proved beneficial in identifying quality shortcomings across all tested applications.
- The study successfully gathered insights into the practical utility of RAQT1.0.
- Specific areas for potential enhancement of the RAQT1.0 framework were identified.
Conclusions:
- The RAQT1.0 framework is a useful tool for evaluating and improving risk assessment quality.
- The initial release provided valuable lessons for refining the framework.
- Further development of RAQT1.0 is warranted based on its successful application in diverse fields.
Keywords:
cultural property risk analysiscyber risk analysismicrobial risk analysisrisk analysis qualityMore Related Videos
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