An RSI Managing Risk method
Acceptability thresholds for decision-making
Broadly
Acceptability thresholds define the point at which a risk is considered tolerable or justifiable, allowing a decision to proceed. These thresholds can be based on legal standards, social norms, or cost-benefit considerations, and they are often used in environmental, health, and engineering contexts. Their role is to provide a stopping rule in risk management—once a threshold is met, action is either triggered or deemed unnecessary. Challenges arise in setting thresholds that are both defensible and context-sensitive, especially where value judgments or contested trade-offs are involved.
More specifically
RSI supports clients in defining and justifying acceptability thresholds that are scientifically sound and policy-relevant. The firm draws from regulatory precedents, stakeholder input, and empirical data to tailor thresholds to context-specific needs. RSI ensures that these thresholds are transparently documented and aligned with broader risk governance frameworks, improving the defensibility and clarity of management decisions.