The risk assessment policy is a crucial component of the risk analysis process and should address the subjective judgments and choices that arise during risk assessments.  

Risk characterization is an important step in risk management that can be done qualitatively or quantitatively, with the latter being preferred because it provides numerical estimates of risk.    

Risk communication is only important for experts in the field.  

There is only one risk management model that is universally accepted.  

Risk communicators only need to understand the output of risk analysis, not the input or the work of risk assessors and managers.  

Uncertainty: Lack or incompleteness of information.  

Conflict is inevitable in risk management due to the increasing complexity and diversity of the world, human nature, and limited resources.  

Uncertainty is not a common factor in modern decision making.  

Risk communication is a one-way exchange of information.    

Risk management is a process of problem identification, requesting information, evaluating risks, and initiating action to identify, evaluate, select, implement, monitor, and modify actions taken to alter levels of unacceptable risk to acceptable or tolerable levels.