What Does URF Stand For?

URF stands for Unit Risk Factor

Unit Risk Factor (URF) is a quantitative measure used to assess the potential risk associated with a specific unit of exposure within a given context, such as environmental, financial, or operational domains. It helps organizations evaluate the likelihood and impact of adverse events by providing a standardized method for risk comparison and management. URF is essential for decision-making processes, enabling stakeholders to identify, analyze, and mitigate risks effectively.