Common
Risk assessment
Estimation of risk associated with exposure to a given set of hazards
Risk assessment
Risk assessment is a process for identifying hazards, potential (future) events which may negatively impact (harm) an individual(s), asset(s), and/or the environment likelihood (probability) of those hazards occurring consequences of those hazards actions (risk reduction methods) which can mitigate these hazardous effects. As the first stage of a risk assessment process, hazard analysis identifies the situations and events for all potential or foreseeable hazards. As part of the risk assessment process, judgments may be made "on the tolerability of the risk on the basis of a risk analysis" (i.e. risk evaluation taking into account costs and benefits of further risk reduction). Sometimes risks can be deemed tolerable, meaning the risk "is understood and tolerated .. usually because the cost or difficulty of implementing an effective countermeasure for the associated vulnerability exceeds the expectation of loss." Results of a risk assessment process may be expressed in a quantitative...
Open boosters, collect cards and trade them. Free to play.
Play for free