Risk analysis tools

Risk analysis tools are methods used to identify, evaluate, and manage potential problems that could impact a project, business, or decision. They help organizations understand what could go wrong, how likely it is, and what the consequences might be. Common tools include risk assessments, which review possible issues; fault tree analysis, which traces causes of specific failures; and SWOT analysis, which examines strengths, weaknesses, opportunities, and threats. By using these tools, organizations can prioritize risks, develop mitigation strategies, and make informed choices to minimize negative impacts.