What is Risk Assessment

1.

The product or process which collects information and assigns values to risks for the purpose of informing priorities, developing, or comparing courses of action, and informing decision making. The appraisal of the risks facing an entity, asset, system, or network, organizational operations, individuals, geographic area, other organizations, or society, and includes determining the extent to which adverse circumstances or events could result in harmful consequences. Learn more in: Cybersecurity and Electronic Services Oriented to E-Government in Europe

2.

Risk assessment is a process which helps to identify the foremost factors of risk, major the intensity of hazard, analysis of risk which is linked with hazard, control the risk factors, and reduce the effect of hazards. Learn more in: Flood Hazard Casting and Predictions of Climate Change Impressions

3.

is a term used to describe the overall process or method where you: Identify hazards and risk factors that have the potential to cause harm (hazard identification). Analyze and evaluate the risk associated with that hazard (risk analysis, and risk evaluation). Learn more in: Nanotechnology Safety and Security: Nanoparticles and Their Impact on the World

4.

It refers to identifying sensible measures to control the risks associated with different trials especially where live organisms are involved. Learn more in: Personalized Medicine in the Era of Genomics

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Hazard identification and consequence and probability assessment process that determines the level of risk. Learn more in: Industry Process Safety: Major Accident Risk Assessment

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Evaluation of the risk occurrence and impact to the supply chain operations. Learn more in: Assessment of Disruption Risks in Supply Chains

7.

Enables an evaluation performed to classify and appraise risks as well as determine potential materiality or significance of a selected area under examination. Learn more in: Activity: Review of the IT Audit Responses

8.

Is the stage in the risk management process at which each identified risk is assessed for its probability or likelihood of occurrence, and its potential impact on either the project phase or the entire project. Learn more in: Development and Application of a New Maturity Model for Risk Management in the Automotive Industry

9.

Evaluation of the risk associated with a hazard. Learn more in: Surveillance Design After Initial Detection

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Determination of the degree and/or type(s) of potential problems and damages that may occur as a result of a threat or accident. Learn more in: Zen and the Art of Disaster Planning: Collaboration Challenges in Library Disaster Plan Design and Execution

11.

Overall process of risk identification, risk analysis and risk evaluation. Learn more in: Electricity Infrastructure Technical Security: Practical Application and Best Practices of Risk Assessment

12.

A systematic process of evaluation and measurement of potential risks that may be involved in a projected activity or undertaking. Learn more in: Internet of Things Application for Intelligent Cities: Security Risk Assessment Challenges

13.

The analysis of the possible hazards that could occur within a workplace and finding a solution to reduce the risk. This is avoiding injury to an individuals and damage to property. Learn more in: Information Security Policy in Large Public Organizations: A Case Study Through ISO 27002

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The process of evaluating and appraising existing measures of security and controls by assessing their adequacy in response to the impending threats faced by the organization, so as to identify, evaluate, and report them periodically. Learn more in: Risk Assessment in the Information Technology Industry: An Imperative Phenomenon

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Documenting the evaluation done of the possibility of occurrence of a risk as well as the damage associated and the measures to avoid it or at least mitigate the outcomes from the risk. Closely related with Risk Management. Learn more in: Threat and Risk Assessment Using Continuous Logic

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The process to understand the value of assets, system vulnerabilities, possible threats, threat likelihoods, and expected impacts. Learn more in: Information Security and Risk Management

17.

The process of identifying, estimating, and prioritizing risks. This process comprises threat and vulnerability analyses and considers risk mitigation. Learn more in: Methodology for Cyber Security Risk Mitigation in Next Generation SCADA Systems

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An approach that measures the magnitude of the risk and the probability of its occurrence. Learn more in: Analyzing Diffusion and Value Creation Dimensions of a Business Case of Replacing Enterprise Systems

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A risk assessment is a systematic use of information to identify sources of risk, to estimate the risk and to compare the estimated risk against given risk criteria to determine the significance of the risk. Learn more in: An Information Security Model for Implementing the New ISO 27001

20.

The identification, evaluation, and estimating of the levels of risks that is involved in a situation. Learn more in: The Operational Risk Assessments in Manufacturing Industry

21.

A process of establishing measures of risk attributes: probability, frequency, and impact, with the intent of providing a sound cost and benefit analysis. Learn more in: Critical Infrastructure Protection and Security Benchmarks

22.

The process of identifying, evaluating and managing potential events and situations to provide a reasonable level of confidence for the achievement of the business goals. Learn more in: Fuzzy Logic Approach in Risk Assessment

23.

Managers need to think about the factors that might cause harm to people and need to take some special steps to prevent them. This concept is risk assessment and to ensure health and safety of the business, risk assessment should be applied. Learn more in: Structure Development for Effective Medical Waste and Hazardous Waste Management System

24.

A process to identify hazard types, their intensities/magnitudes, occurring probabilities, and the associated consequences of impact. Learn more in: GIS and Remote Sensing in Environmental Risk Assessment

25.

The product or process which collects information and assigns values to risks for the purpose of informing priorities, developing or comparing courses of action, and informing decision making. Learn more in: National Security Policy and Strategy and Cyber Security Risks

26.

A process used to identify and evaluate risk and potential effects. It includes assessing the critical functions necessary for an organization to continue business operations, defining the controls in place to reduce organization exposure and calculate the cost of such controls. Learn more in: Can Total Quality Management Exist in Cyber Security: Is It Present? Are We Safe?

27.

Evaluation of potential failure modes. Learn more in: Fuzzy Hybrid FMEA for Risk Assessment in Service Industry: An Integrated Intuitionistic Fuzzy AHP and TOPSIS Approach

28.

This refers to the assessment of an individual’s potential for violence looking at relevant risk factors. Learn more in: Risk Assessment of Mass Shootings

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Activities typically performed by an internal audit unit or auditors in identifying, analyzing, and managing risk including fraud risk. Learn more in: Internal Control System in Cooperative Society

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Evaluation of components that have uncertainty in organizational activities. Learn more in: Internal Audit Structure and Fraud Risk Assessment From a Regulatory Perspective: An Insight Into the Turkish Financial Services Sector

31.

The process of identifying, evaluating and managing potential events and situations to provide a reasonable level of confidence for the achievement of the business goals. Learn more in: Fuzzy Logic Approach in Risk Assessment

32.

The process to identify possible events or scenarios that may result in collection damage, determine how likely such events may be, and predict the effects of those events on collections. Risk assessment is best accomplished as part of the process of writing a disaster plan targeted to a specific institution. Learn more in: Responding to High-Volume Water Disasters in the Research Library Context

33.

The act of deciding the level of risk. Learn more in: Security of Infrastructure Systems: Infrastructure Security Assessment

34.

A step in a risk management process that involves the identification, assessment, and prioritization of risks related to a situation; thereby determining, in a quantitative or qualitative way, the value of the risks. Learn more in: Security and Privacy Requirements Engineering

35.

An assessment which is made based on the impact that each risk event could have on the assets of system. Learn more in: Dynamic Risk Assessment in IT Environments: A Decision Guide

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Overall process of risk identification, risk analysis and risk evaluation (ISO 22301:2012, 2012). Learn more in: Methodological Approach to Systematization of Business Continuity in Organizations

37.

Risk assessment is the process of determining what dangers are present in the workplace or may develop in the future. A risk assessment identifies which dangers in the workplace are most likely to harm employees and visitors. Learn more in: Cybersecurity Risk: Assessment and Management

38.

A process to identify hazard types, their intensities/magnitudes, occurring probabilities, and the associated consequences of impact. Learn more in: GIS and Remote Sensing in Environmental Risk Assessment and Management