What is risk assessment?

What is risk assessment?

• A. The evaluation of threats to determine vulnerabilities
• B. A process for approving budgets
• C. A routine safety drill
• D. A checklist of PPE

Answer: (A)

Risk assessment is the process of identifying hazards and evaluating the risk they pose by considering how likely they are to occur and what impact they would have. This helps reveal vulnerabilities in a system or process and guides what controls to put in place to reduce risk. It’s not about approving budgets, a routine safety drill, or a simple PPE checklist—those are separate activities. In practice, you list potential hazards, assess likelihood and consequence, determine risk levels, and decide on mitigations like engineering controls, procedures, and training.

Risk assessment is the process of identifying hazards and evaluating the risk they pose by considering how likely they are to occur and what impact they would have. This helps reveal vulnerabilities in a system or process and guides what controls to put in place to reduce risk. It’s not about approving budgets, a routine safety drill, or a simple PPE checklist—those are separate activities. In practice, you list potential hazards, assess likelihood and consequence, determine risk levels, and decide on mitigations like engineering controls, procedures, and training.