Risk as a Sustainable Development Criteriaby Heidelore I. Kroeger,
Slobodan P. Simonovic, (M.ASCE),
Document Type: Proceeding Paper
Abstract: Project alternatives can be compared on a relative basis when all factors contributing to social, environmental and economic risks are weighed by all the stakeholders concerned. It is important that risk assessment not focus on some parts while ignoring others (Manning and Rejeski, 1994). Sustainable development seeks to include social and environmental impacts in the processes and accounting of economics. Therefore, risk assessments for sustainable development must consider all impacts whether quantitative or qualitative.
Subject Headings: Risk management | Economic factors | Social factors | Sustainable development | Environmental issues | Financial management
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