Define risk and explain what is meant by acceptable risk.

Instructions
In this report, you will need to include the following objectives in the context of a nuclear power plant

– Define risk and explain what is meant by acceptable risk.
– Briefly explain the Probabilistic Risk (Safety) Assessment (PRA) approach
– List and briefly describe the various techniques used in PRA.
– Outline a PRA model
– Define Core Damage Frequency (CDF) and Large Early Release Frequency (LERF).

In addition to content, the report you submit needs, at least, to include:

– A cover page containing the report title and your name
– A clear statement of the report objectives at the beginning
– A bibliography of reference at the end

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