Risk Assessment Models

Risk assessment models are systematic approaches used to identify, evaluate, and prioritize potential risks in various contexts, such as business, health, or environmental settings. These models help organizations understand the likelihood and impact of different risks, enabling informed decision-making. By analyzing factors like historical data, expert opinions, and statistical methods, these models provide a framework to assess vulnerabilities and recommend strategies to mitigate or manage risks effectively. Ultimately, they assist in minimizing potential negative consequences while enhancing safety and operational resilience.