Sentence examples for formalized risk from inspiring English sources

In the end, however, regardless of all its faults and shortcomings, most would agree with the sentiment expressed by Winston Churchill (Churchill 1947) in describing democracy, and modified here to make it apropos for risk assessment—"formalized risk assessment is the worst method for analyzing environmental harm, except for all the others".

In many companies, the approach seems to be a combination of formalized risk tracking and cultural engineering.

The core coursework provides insights on how to utilize these ERM and risk management tools and techniques across a variety of formalized risk management frameworks commonly in use.

However, by the time a formalized risk assessment for environmental sources of antibiotic resistance is established, opportunities for effective action may be lost.

A connection between two diseases can be formalized by risk factors, symptoms, treatment options, or any other diseases as compared to only common disease-genes.

After receiving a meteorological bulletin that details severe weather forecast for the following hours in an area vulnerable to flood hazard, the decision maker launches SIRENE and starts a new session selecting the procedure formalized for Hydraulic Risk.

Lars Faeste, a senior BCG partner and global leader of the firm's transformation practice, says: "Companies that go to the outside need a tolerance for risk". Formalized transformation programs perform better on average - provided they are big and ambitious enough.

Courgeau advocates the use of probability concepts in the social sciences because they enable us to formalize the risks and uncertainties that are at the heart of the social sciences.

To accomplish this, the audit function reports directly to the board's audit committee rather than to the CFO; utilizes a more formalized risk-based planning process; and leverages rigorous audit techniques to better monitor internal controls, the integrity of the company's financial information, and our compliance with company policies and procedures.

The tradeoff between optimal foraging effort and risk was formalized by Gilliam and Fraser [22] as the "μ/f rule" – prey should forage in habitats with the lowest ratio of mortality to foraging rate (f).

Betting behavior was extracted from the active-choice trials, with 2 parameters calculated reflecting (1) overall betting (average selected bet amount), (2) risk adjustment, formalized as the slope of the best line of fit through the average bet on 40%, 60%, and 80% trials.