A process of rating risks according to their severity and likelihood to determine the priority for treatment or control of risks. Also known as prioritisation. Risk-ranking processes range from quantitative to highly subjective
Martin Ralph (Managing Director, IFAP), Industrial Foundation for Accident Prevention (IFAP): Safer Healthier Workplace, IFAP Glossary of Terms, 4th Ed. Willetton Western Australia 2010. http://www.ifap.asn.au/Documents/courseinfo/IFAP_G lossary_of_Terms.pdf, (IndS - Brit) {633}