 | This article's lead section may be too short to adequately summarize the key points. (February 2021) |
Risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events.[1] The results of this process may be expressed in a quantitative or qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences.[1][2]
More precisely, risk assessment identifies and analyses potential (future) events that may negatively impact individuals, assets, and/or the environment (i.e. hazard analysis). It also makes judgments "on the tolerability of the risk on the basis of a risk analysis" while considering influencing factors (i.e. risk evaluation).[1][2]
- ^ a b c Rausand M (2013). "Chapter 1: Introduction". Risk Assessment: Theory, Methods, and Applications. John Wiley & Sons. pp. 1–28. ISBN 9780470637647.
- ^ a b Manuele FA (2016). "Chapter 1: Risk Assessments: Their Significance and the Role of the Safety Professional". In Popov G, Lyon BK, Hollcraft B (eds.). Risk Assessment: A Practical Guide to Assessing Operational Risks. John Wiley & Sons. pp. 1–22. ISBN 9781118911044.