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When describing risk however, it is convenient to consider that risk practitioners operate in some specific practice areas.Economic risks can be manifested in lower incomes or higher expenditures than expected.The reason for this is typically to do with organizational management structures; however, there are strong links among these disciplines.One of the strongest links between these is that a single risk event may have impacts in all three areas, albeit over differing timescales.Over time, a form of risk analysis called environmental risk analysis has developed.Environmental risk analysis is a field of study that attempts to understand events and activities that bring risk to human health or the environment.Tertiary prevention reduces the negative impact of an already established disease by restoring function and reducing disease-related complications.Ethical medical practice requires careful discussion of risk factors with individual patients to obtain informed consent for secondary and tertiary prevention efforts, whereas public health efforts in primary prevention require education of the entire population at risk.
Many definitions of risk exist in common usage, however this definition was developed by an international committee representing over 30 countries and is based on the input of several thousand subject matter experts.
In terms of occupational health & safety management, the term 'risk' may be defined as the most likely consequence of a hazard, combined with the likelihood or probability of it occurring.
Health, safety, and environment (HSE) are separate practice areas; however, they are often linked.
Very different approaches to risk management are taken in different fields, e.g.
"Risk is the unwanted subset of a set of uncertain outcomes" (Cornelius Keating).