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Risk a lot to save a lot. Risk a little to save a little. You basically evaluate what is the worth of it and does the risk equal the worth.

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Q: What is assessing risk mean?
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Related questions

What is the risk assessment model for?

The risk assessment model provides a process structure to guide you in assessing risk.


When assessing risk the top priority is?

life safety


What is the preferred method assessing the risk to your organization?

The preferred method of assessing the risk of an organization depends on the person and the type if business we are talking about. It's best to start with an overview and go from there.


What are the risk factors to be considered when assessing the likelihood of risk or harm?

B. Number of departments affected


What is the prefered method of assessing the risk of your organization?

The Committee approach


What is the preferred method of assessing the risk to your organizations?

The Committee approach


When assessing risk the top response priority is?

life safety


What is the preferred method of assessing the risk of your organizations?

The Committee approach


What criteria do you use when assessing risk?

Exposure, severity, and probability.


What is the preferred method of assessing the risk your organization?

The Committee approach


What is the preferred method of assessing the risk of to your organization?

The Committee approach


When assessing for danger you need to ask yourself the following questions?

What are the potential risks (what could happen)? What are the causes of each risk? How likely is each risk to occur? What steps can be taken to minimise each risk? What can be done if each risk occurs? Are the risk factors likely to change (in either cause, likelyhood or effect). When will each risk need re-assessing?