An Indicator is something measurable that tells a risk manager whether the sub-goals and overall goals have been met. For a contaminated site, it can be the elimination of unacceptable risks measured as Hazard Quotients (HQs) or Incremental Lifetime Cancer Risk (ILCR). It could also be the measurable reduction of contamination to below environmental guidelines.
Indicators will help you assess the progress and success of the project. Indicators should provide a time-line and the expected magnitude of change. When determining indicators it is important to consider how they will be measured (quantitatively) or evaluated (qualitatively) in practice.
Output and Outcome Indicators
Indicators can be divided into two types - output and outcome indicators:
- Output indicators help you to assess progress during the project, and indicate if you are meeting your sub-goals.
- Outcome indicators help you to assess progress as a result of your project, and indicate if you have met your goals.
You will need to identify outputs and/or outcomes relating to each sub-goals/goals.