Comparative risk analysis for priority setting
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TL;DR
Comparative Risk Assessment (CRA) is a process that brings together elements of traditional quantitative risk assessment, cost‐benefit analysis, strategic planning, and public involvement.
Abstract
Abstract At all levels of government and even in personal choices about controlling risks, decisions of how to allocate time, money, inconvenience, and other tangible and intangible resources can be informed by comparative risk assessment. In its simplest form, Comparative Risk Assessment or risk ranking involves comparing various risks for the purposes of ranking or prioritizing those risks. As currently practiced, Comparative Risk Assessment (CRA) is a process that brings together elements of traditional quantitative risk assessment, cost‐benefit analysis, strategic planning, and public involvement.