ALARP

ALARP is short for "as low as reasonably practicable". SFAIRP is short for "so far as is reasonably practicable". The two terms mean essentially the same thing and at their core is the concept of "reasonably practicable"; this involves weighing a risk against the trouble, time and money needed to control it. Thus, ALARP describes the level to which we expect to see workplace risks controlled.

Source: 
Adapted from Def Stan 00-56

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