risk assessment
The term "risk assessment" is widely used in various fields to evaluate potential threats and develop strategies to mitigate them.
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Definition
C1General
(technical, formal)A systematic process to identify, evaluate, and prioritize potential hazards or threats.
Example
- The company conducted a risk assessment to identify potential threats to its operations.
C1Business
(technical, formal)The process of analyzing potential risks to an organization, project, or investment to ensure safety and continuity.
Example
- Before launching the new product, a thorough risk assessment was performed to mitigate any possible issues.
C1Safety
(technical, formal)An evaluation of potential hazards to determine their likelihood and impact on health and safety.
Example
- A risk assessment was required to ensure the safety of the construction site workers.
Similar
Terms that have similar or relatively close meanings to "risk assessment":