The Water Risk Assessment Framework is flexible and easily customizable to an individual company’s unique set of environmental conditions. It includes all the major variations among every individual site involved in the assessment and includes all the elements of the site. The elements include the physical surroundings, topography, current climate conditions, cultural aspects, and economical considerations. In addition, it considers the likelihood that a site will be affected by the components of the natural environment that it is located in. For instance, some elements or characteristics may be excluded if they do not contribute to the expected overall condition of the site.
Exposed to toxic water at Camp Lejeune
In water risk assessment, it is important to consider the overall effects on the organization, especially with regards to the financial risk, because this element is included within the financial risk framework. This type of analysis would evaluate the direct cost of an action and the associated costs in terms of human health and the environment. The process should also take into account the indirect costs like the effect it will have on the maintenance and other forms of capital expenditures needed for its operation, as well as the impact on the employment of the people involved in running the utility. All these are the measures that will be taken into consideration by the financial risk analysis.
On the other hand, the physical aspects involved in water risk assessment are essential since they are actually the results of the processes and operations carried out in the utility plants. Water quality is a significant factor involved in this assessment. A comparison of the present-day samples with the ideal standards in order to determine whether the samples are safe to use is usually done in order to assess the degree of contamination. The same procedure is applied to the regional water quality. In addition, operational risk assessment is also included in this framework since all the sites in the utility system are studied in order to assess the nature of operations that should be carried out.