What is the process called of comparing the positive results that can be achieved in an action with the probability and severity of potential negative consequences?

The process of comparing positive results that can be achieved in an action with the probability and severity of potential negative consequences is known as risk-benefit analysis. This method is essential in various fields, including emergency services, to ensure that decisions are made based on a balanced evaluation of both the potential advantages and the possible drawbacks.

In a risk-benefit analysis, firefighters and responders assess whether the anticipated benefits of an action, such as saving lives or property, outweigh the risks associated with that action, like injury to personnel or further damage. This structured approach helps to prioritize safety and effectiveness in operations, guiding decision-making particularly in high-stakes situations.

Understanding risk-benefit analysis is crucial for ensuring that interventions are both justifiable and practical, and it provides a framework for evaluating different options and their potential impacts on overall safety.