Risk factor assessment

Risk factor assessment involves identifying and evaluating factors that may increase the likelihood of negative outcomes in various contexts, such as health, finance, or safety. For example, in health, it assesses behaviors (like smoking or diet), genetics, and environmental influences that could lead to diseases. In finance, it examines market trends and economic conditions that might affect investments. By understanding these risks, individuals and organizations can make informed decisions to minimize potential harm or loss, leading to better planning and improved outcomes.