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Risk Management

The process, distinct from risk assessment, of weighing policy alternatives, in consultation with all interested parties, considering risk assessment and other factors relevant for the health protection of workers and consumers, the protection of the environment and for the promotion of fair trade practices, and, if needed, selecting appropriate prevention and control options.

Glossary Source

JRC EU CBRNe Glossary
( EU Glossary on Chemical, Biological, Radiological, Nuclear, and Explosive risks )
https://publications.jrc.ec.europa.eu/repository/bitstream/JRC128863/JRC128863_01.pdf