Question

Risk Assessment

22 Sep 2023
Answer :
Word Count : 573

Risk assessment is a systematic process of identifying, evaluating, and prioritizing potential risks or hazards that may impact an organization, project, process, or activity. It plays a critical role in managing and mitigating risks to prevent accidents, financial losses, and other adverse consequences. Here is an overview of the key steps involved in risk assessment:

1. Identification of Hazards or Risks:

  • The first step is to identify and recognize potential hazards, risks, or threats. This can be done through various means, including workplace inspections, process analysis, historical data, and input from employees or subject matter experts.

2. Risk Evaluation:

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