Risk assessment
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Risk assessment is a process for identifying
Risk assessment from a financial point of view
Risk
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Risk is the possibility of something bad happening, comprising a level of uncertainty about the effects and implications of an activity, particularly negative and undesirable consequences.
Risk assessment
…foreseeable hazards. As part of the risk assessment process, judgments may be made "on the tolerability of the risk on the basis of a risk analysis" (i.e. risk evaluation taking into account costs and benefits of further risk reduction). Sometimes risks can be deemed tolerable, meaning the risk "is understood and tolerated…
Firefighters are exposed to risks of fire and building collapse during their work.
Harbor sign warning visitors that use of the walkway is "at your own risk"
Artist's impression of a major asteroid impact, an example of a global catastrophic risk.