{"id":1304,"date":"2023-08-18T17:23:18","date_gmt":"2023-08-18T17:23:18","guid":{"rendered":"https:\/\/www.trccompanies.com\/insights\/risk-assessment-so-much-more-than-a-regulatory-compliance-tool\/"},"modified":"2026-04-23T15:44:40","modified_gmt":"2026-04-23T15:44:40","slug":"risk-assessment-so-much-more-than-a-regulatory-compliance-tool","status":"publish","type":"news-and-insights","link":"https:\/\/www.trccompanies.com\/fr\/insights\/risk-assessment-so-much-more-than-a-regulatory-compliance-tool\/","title":{"rendered":"Risk Assessment: So Much More Than a Regulatory Compliance Tool"},"content":{"rendered":"\n\n
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While risk assessment is often associated with regulatory requirements, there is value in using the tools of risk assessment for project strategy and development. Getting insight into the potential for adverse risk at the beginning of a project can be done on a site-specific exposure basis with no data. If completed prior to data collection, the risk can be expressed as an action level rather than a risk and can provide valuable strategy information (i.e., identify analytes where detection limits may be challenging to achieve or what analytes might be risk drivers which may guide the strategy for sampling). Additionally, implementing risk assessment in the preliminary stages of a project can ultimately be a cost savings, focusing investigation and remedial efforts on the specific issues that may cause risk.<\/p>\n

Risk Assessment \u2013 A Requirement or a Strategy<\/h2>\n

Risk assessment is a required element in federal and state environmental programs that are assessing potential environmental and\/or community impact from industrial operations. The risk assessment itself is a probability analysis that typically follows environmental data collection (soil, water, sediment, air, etc.) and evaluates the potential for presence or absence of health risk using mathematical and statistical tools. The risk assessment provides vital information; in many instances it yields the necessary documentation and justification for either further evaluation and potentially even further data collection, implementation of a remedy, or no further action if the estimated risks are not elevated beyond acceptable criteria. However, risk assessment is more than just a regulatory compliance element; it is a valuable tool that can be used to form site strategies and have early site discussions with regulatory agencies or community stakeholders. It can also be used to streamline the necessary data collection prior to site investigation, a process that oftentimes entails a large investment of time and resources. Investment in customizing inputs to account for site-specific exposures can make huge differences in not only the understanding of the actual potential for adverse risk following exposure to impacted media, but more importantly, can affect future expense in site closure.<\/p>\n <\/div>\n

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