Risk Assessment
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0x03b717be58c862394d58acb45661b39a3928214c027eced7bcdde239f9e48205
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chain-registered
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This record has a CopyrightID on CopyrightChains and no confirmed Bitcoin attestation that verifies against this record, so no OTS fields are served. Verification establishes record integrity only. It says nothing about who made the work, who holds rights in it, or when it was made.
Risk assessment is a process for identifying hazards, potential (future) events which may negatively impact on individuals, assets, and/or the environment because of those hazards, their likelihood and consequences, and actions which can mitigate these effects. The output from such a process may also be called a risk assessment. Hazard analysis forms the first stage of a risk assessment process. Judgments "on the tolerability of the risk on the basis of a risk analysis" (i.e. risk evaluation) also form part of the process. The results of a risk assessment process may be expressed in a quantitative or qualitative fashion.
Risk assessment forms a key part of a broader risk management strategy to help reduce any potential risk-related consequences.
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