Risk Assessment Process

Risk assessment is a systematic process to identify, analyze, and evaluate potential risks that could negatively impact a project, organization, or activity. It involves spotting hazards, determining how likely they are to happen, and understanding the possible consequences. The goal is to prioritize risks based on their severity and likelihood, so informed decisions can be made to manage or reduce those risks effectively. This process helps ensure safety, compliance, and resilience by proactively addressing issues before they cause harm or disruption.