Corrective action justification formula

Chapter 3. Formula to Determine Justification for Recommended Corrective Action... 

CHAPTER 3 FORMULA TO DETERMINE THE JUSTIFICATION FOR RECOMMENDED CORRECTIVE ACTIONS... 

General. The purpose of this chapter is to describe the method of determining whether the cost of corrective action to alleviate a hazard is justified. Once a hazard has been recognized, appropriate corrective action must be tentatively decided upon and its cost estimated. Now the Justification formula can be used to determine whether the estimated cost is justified. 

Criteria for Justification. Values are substituted into the formula to determine the numerical value for Justification. The Critical Justification Rating is 10. For any rating over 10, the expenditine will be considered justified. For a score less than 10, the cost of the contemplated corrective action is not justified. 

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