risk assessment JUST WRITTEN FOR YOU
/ˈrɪsk əsˈɛs.mənt/ · risk.ass.es.sment
noun
- The overall process of identifying all the risks to and from an activity and assessing the potential impact of each risk. The company conducted a thorough risk assessment before launching the new product.
noun
- The determination of the potential impact of an individual risk by measuring or otherwise assessing both the likelihood that it will occur and the impact if it should occur, and then combining the result according to an agreed rule to give a single measure of potential impact. The risk assessment revealed a high likelihood of financial loss if the company did not invest in the new technology.
Synonyms
evaluationanalysisappraisalrisk evaluationhazard assessmentthreat assessmentsafety assessmentsecurity assessment
Antonyms
Did you know? The concept of risk assessment has been used in various fields, including engineering, finance, healthcare, and environmental science, to identify and mitigate potential risks and hazards.
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