Risk management practices under the current environmental regulations is a long, complex process that considers scientific, technologic, and management factors to develop various regulatory standards and pollution control measures. As the principal analytical tool in risk management, quantitative risk assessment exerts considerable influence on the risk management process. JavaScript is currently disabled, this site works much better if you enable JavaScript in your browser.
Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Using the mandatory enforcement approach, sometimes referred to as “command-and-control”, a set of preliminary environmental goals, such as better air and water qualities, were achieved. Therefore, advances in risk management are closely associated with scientific developments that enhance the risk assessment process, particularly those efforts aimed at improving human exposure and toxicity assessments.

12 pages Critical chain is a new approach to project management that has demonstrated over the past 10 years its ability to significantly reduce the duration of projects, to ensure that projects are completed on time, and to increase resource productivity.
However, the information-intensive nature of the risk management process and the lack of flexibility in conventional regulatory methods to changing economic and technologic realities of the decade has created interest among risk managers to examine some innovative management approaches.
Market incentives, information dissemination, creative enforcement practices, and interagency and intergovernmental interactions were identified as the key elements of innovative environmental risk management practices. It has been successfully used to reduce the time to market of new pharmaceutical products especially in the United States.
Above all, environmental problems of a global scale require novel management methods while striving to achieve the desired environmental goals.
An approach such as the critical chain, which can reduce the product development time by as much as 40 % while increasing the productivity of resources is therefore particularly relevant.

US Department of Health and Human Services, Public Health Service, Centers for Disease Control. National Academy Press, Washington, DC.OECD (Organization for Economic Cooperation and Development).
Report submitted to the American Association for the Advancement of Science (AAAS), Directorate of Science and Policy Programs, Washington, DC.Rose-Ackerman, S.

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