The Duty of Care Risk Analysis Standard
The Duty of Care Risk Analysis Standard or “DoCRA,” is a methodology for analyzing risks that addresses the interests of all parties potentially affected by those risks.
All organizations engaging in public life offer both benefits and potential harm to themselves and others.
The basis for determining whether the organizations bear responsibility and liability often centers on the concepts of “duty of care” and “due care.”
DoCRA describes processes for evaluating risks and their safeguards so that the resulting analysis is easily communicated to and accepted by authorities – such as regulators and judges – and to other parties who may be harmed by those risks. Regulators expect that the burden of safeguards should be balanced against an organization’s mission.
Incorporating DoCRA Perspectives in Risk Analysis
Attorneys and judges similarly use balancing tests to determine whether foreseeable harm could have been prevented by safeguards that would pose a reasonable burden. Conventional risk analysis has neglected to include these significant perspectives. DoCRA describes how these perspectives may be included in conventional risk analysis methods.
As data points are filled into Reasonable Risk, the platform incorporates DoCRA into its calculations and standards for acceptable vs unacceptable risks.