Old 16th Mar 2020, 12:05
  #521 (permalink)  
Sunfish
 
Join Date: Aug 2004
Location: Melbourne, Australia
Posts: 8,319
traffic, in your way of thinking, you only work out the costs AFTER THE ACCIDENT. Then you say to yourself “jeez, if we had spent $100,000 per year to prevent the accident it would have been money well spent.”.

Risk management calculations allow allow you to make the costs decision without waiting for the accident.

To put that another way. You can calculate what it’s worth to stop the accident and I assure you, you will think it’s a good deal.
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