Risk assessment
Estimation of risk associated with exposure to a given set of hazards / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Risk assessment?
Summarize this article for a 10 year old
Risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events.[1] The results of this process may be expressed in a quantitative or qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences.[1][2]
This article's lead section may be too short to adequately summarize the key points. (February 2021) |
More precisely, risk assessment identifies and analyses potential (future) events that may negatively impact individuals, assets, and/or the environment (i.e. hazard analysis). It also makes judgments "on the tolerability of the risk on the basis of a risk analysis" while considering influencing factors (i.e. risk evaluation).[1][2]