Risk Assessment Methodology

Risk assessment methodology is a systematic process used to identify, analyze, and evaluate potential hazards that could negatively impact a project, organization, or environment. It involves recognizing possible risks, understanding how likely they are to occur, and determining their potential impact. This helps prioritize which risks need urgent attention and informs decisions on how to manage or mitigate them effectively. Essentially, it’s a structured way to anticipate problems before they happen, enabling proactive planning to minimize negative outcomes and ensure safety and success.