RISK ASSESSMENT.edited.docx - Running head RISK ASSESSMENT 1 Risk Assessment Students Name Institution Affiliation 2 Risk Assessment Risk assessment can

RISK ASSESSMENT.edited.docx - Running head RISK ASSESSMENT...

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Running head: RISK ASSESSMENT 1 Risk Assessment Students Name Institution Affiliation
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2 Risk Assessment Risk assessment can be defined as the process of identifying and analyzing potential happenings that are likely to occur in the future and may bring negative impacts to assets, humans, and the environment. Mainly involves determining possible mishaps that are likely to occur, tolerance, and consequences. A qualitative and quantitative fashion are the results of risk assessment. The process is an introduction to control measures that reduce and eliminate risk- related consequences. Risk assessment can be done at an individual level. Assessments or judgments between an individual may be affected by ideological, psychological, or religious matters that have a rational impact. The process can also be done on larger systems, for instance, assessing risks of climate change. However, in both scenarios, there is a need to create effective strategies used for
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Unformatted text preview: mitigation when they occur. At the individual level, risks and objectives are identified, building plans and their importance. Within a strategic organization level, policies can be made to specify risk levels, priorities, and resource allocation. Assessing risk at the systematic level, we may use qualified risks experts to determine their occurrence. Finally, risk can happen at a dynamic level. The one who will be involved is required to identify the unforeseen problems. In conclusion, risk assessment is only done to determine the possibility of an event happening. There is a need to assess risk at different levels to know the scale of the impact if they occur. When carrying risk assessment, we identify the hazard, decide who might be harmed and how, evaluate the risk, and decide control measures, implement the findings, and finally 3 review the assessment. Besides all, the process has helped in assessing the health of humans....
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  • Spring '15
  • James

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