Who determines what is a reasonably practicable trade-off?

The Risk Owner will make the trade-off recommendation on behalf of: o The Project Owner (an individual or a corporation), if it is a “private” project. o The delegated “Project Owner”, if it is a public or community-owned project. o In all cases the Risk Owner will consult with selected stakeholders in the project to ensure that there is general support for the proposed trade-off. o These stakeholders may include a Regulator (such as for an environmental risk); a finance company and/or insurer for a commercial trade-off.