Risk Assessment
Risk assessment is the process of evaluating the likelihood of an event occurring, as well as its potential effects and consequences. It is used to identify and mitigate potential risks in a variety of fields, from health and safety to finance, engineering, project management and more. This process helps organizations and individuals understand the potential risks involved in a decision, process or activity, and enables them to plan and manage those risks accordingly. Risk assessment is a critical part of risk management and helps organizations make informed decisions that can reduce their risks and increase their chances of achieving their goals.
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