DBPapers
DOI: 10.5593/SGEM2014/B53/S21.021

THE ENVIRONMENTAL RISK - ORIENTATION INSTRUMENT FOR INVESTMENT DECISIONS

C. L. Trica
Wednesday 1 October 2014 by Libadmin2014

References: 14th International Multidisciplinary Scientific GeoConference SGEM 2014, www.sgem.org, SGEM2014 Conference Proceedings, ISBN 978-619-7105-19-3 / ISSN 1314-2704, June 19-25, 2014, Book 5, Vol. 3, 151-158 pp

ABSTRACT
In every economic, social and political field of activity is raising the question of
the risk which can appear and can have consequences that are not always provided or anticipated. In general, the risk represents the uncertainty of a result, of actions or events, as positive opportunities or negative threats, being defined also as “the probability of occurrence of an event or action which could affect the achievement of project objectives”. In projects, risk assessment is essential in the early stages of initiating projects. Any risk identified must be diagnosed and found appropriate measures necessary to eliminate or mitigate it. The study presents, in the first part, the risk analysis related to the orientation of investment decisions. Further, are developed methodologies and generalized systemic approach to risk analysis. For a better fit of the presented concepts, the study has examples of risk analysis from projects in areas such as industry, agriculture and the environment.

Keywords: environmental risk, environmental management, risk, pollution