answersLogoWhite

0

Risk Assessment is part of Risk Management, a formalized process for ensuring that organizations do not expose people to unacceptable risk.

Identifying a risk is not much use unless its magnitude is assessed and that is not much use unless you decide whether it matters and how likely it is and what you can and should and will do about it to mitigate it.

Unfortunately there is a natural reluctance to apply formal procedures in some places as they are perceived to be costly in time and effort. But this is very short-term thinking. A risk that is not managed properly will bring regret sooner rather than later, and it can never be managed if it's not assessedfirst.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What is conducted after each incident of unauthorized disclosure of classified information in cases involving espionage or leaks to the public media to determine the effect of a compromise on national security?

Damage assessment


Who performes risk assessment?

who performs the risk assessment


What does risk assessment?

Risk assessment is a step in a risk management process. Risk assessment is the determination of quantitative or qualitative value of risk related to a concrete situation and a recognized threat.


What are the levels of risk assessment?

How to do laboratory risk assessment in biosafety level


Can you change a risk assessment after an accident?

You can revise a risk assessment in light of what you learned from an accident or incident, but you must not change an existing risk assessment.


When was Risk Assessment - Torchwood - created?

Risk Assessment - Torchwood - was created in 2009.


The analysis of a situation to determine the level of risk inherent in that situation is called?

risk assessment


What is the risk assessment model for?

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


What does risk assessment mean?

Risk assessment is a step in a risk management process. Risk assessment is the determination of quantitative or qualitative value of risk related to a concrete situation and a recognized threat.


Which two factors determines the risk in the risk assessment matrix?

Probability and severity determine the risk level in the Risk Assessment Matrix.


What are the benefits of workplace design and risk assessment?

The benefits of workplace design and risk assessment


Which two factors determine the risk level in the Risk Assessment Matrix?

Probability and severity determine the risk level in the Risk Assessment Matrix.