Risk management is the process of systematic al and logical identifying, evaluating, analyzing, treating and subsequent monitoring of risks which a firm or project such as a waste-to-energy facility and a nuclear power plant is exposed to. Better risk management has a role of ensuring that risk exposures are reduced and when such risks do occur, their effects or impact would be minimal. Risk management should be proactive in the sense that prevention of risk is better than cure.
Involvement of various stakeholders within a risk management process of waste-to-energy facility and a nuclear power plant is of high necessity because of the aspect of ownership of the risk prevention strategies. Besides, when people know why certain measures are being taken, it is easier to implement risk management decisions because they know how they will be affected if such measures are not taken and the value attached to risk management decisions is well communicated to them. Support of all stakeholders is a great milestone towards achievement of risk prevention strategies.
Dose response assessment has the role of examining the relationship between the hazard’s dose and the subsequent adverse health impacts to human beings. It is known that the amount of dosage will determine whether the dose becomes poison or helps (Duffus, n.d).
Risk assessment is able to provide feedback on measures to be taken to avert exposure to risk and could help the management of a nuclear energy program to decide exactly what to do to avert risk. However, risk assessment might not provide absolute answers since the analysis is based on probability of occurrence. The fact that one is exposed to risk doesn’t necessarily mean there will be occurrence.