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- Dictionaryrisk assessment
noun
- 1. a systematic process of evaluating the potential risks that may be involved in a projected activity or undertaking.
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- Risk assessment
Analysis with risk acceptance criteria or other decision parameters
Risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events. 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. Wikipedia
