A system for monitoring safety in elderly care, where the system comprises a sensor system, which is configured to monitor at least one elderly person, a processing system comprising a data storage, which processing system is configured to collect, process, and store the data which said sensor system has collected, which data includes at least time and location, wherein - the processing system further comprises - an individual data storage location that is configured to store data collected from an individual elderly person, - a current situation processing element which is configured to analyze the current situation of the elderly person based on the information available in the data storage, and to produce variables that describe the status of the elderly person, - a situation awareness processing element which is configured to store prediction pattern or patterns and to read said collected data and said prediction patterns and form an information set or sets based on them and predict upcoming situations of the elderly person based on the information in the individual data storage location and the information set or sets, and to produce variables that describe the future status of the elderly person, and - the processing system is configured to calculate one or more information items (2003, 2004, 2005; 3005; 4005) based on the variables produced by the current situation processing element or the situation awareness processing element or both, which each information item corresponds a risk value, wherein an individual risk management table is stored in the individual data storage location and the individual risk management table contains at least a risk description column having one or more risk descriptions and to each risk description is connected one or more resolution limited parameters (5002, 5003, 5004, 5005) and each resolution limited parameter has several states, and said individual risk management table is used to calculate the risk values of the information items (2003, 2004, 2005; 3005; 4005), and the processing system is configured to give an alarm if the risk value of one information item exceeds some predetermined value, and - the system further comprises an information element which provides the elderly person with information about the care process around him/her and the information is based on the calculations of the processing system. - the processing system further comprises - an individual data storage location that is configured to store data collected from an individual elderly person, - a current situation processing element which is configured to analyze the current situation of the elderly person based on the information available in the data storage, and to produce variables that describe the status of the elderly person, - a situation awareness processing element which is configured to store prediction pattern or patterns and to read said collected data and said prediction patterns and form an information set or sets based on them and predict upcoming situations of the elderly person based on the information in the individual data storage location and the information set or sets, and to produce variables that describe the future status of the elderly person, and - an individual data storage location that is configured to store data collected from an individual elderly person, - a current situation processing element which is configured to analyze the current situation of the elderly person based on the information available in the data storage, and to produce variables that describe the status of the elderly person, - a situation awareness processing element which is configured to store prediction pattern or patterns and to read said collected data and said prediction patterns and form an information set or sets based on them and predict upcoming situations of the elderly person based on the information in the individual data storage location and the information set or sets, and to produce variables that describe the future status of the elderly person, and - the processing system is configured to calculate one or more information items (2003, 2004, 2005; 3005; 4005) based on the variables produced by the current situation processing element or the situation awareness processing element or both, which each information item corresponds a risk value, wherein an individual risk management table is stored in the individual data storage location and the individual risk management table contains at least a risk description column having one or more risk descriptions and to each risk description is connected one or more resolution limited parameters (5002, 5003, 5004, 5005) and each resolution limited parameter has several states, and said individual risk management table is used to calculate the risk values of the information items (2003, 2004, 2005; 3005; 4005), and the processing system is configured to give an alarm if the risk value of one information item exceeds some predetermined value, and - the system further comprises an information element which provides the elderly person with information about the care process around him/her and the information is based on the calculations of the processing system.