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Icologiq Knowledge ยท Process
Risk Assessment
A structured assessment used to identify hazards or uncertainties, estimate their risk and determine whether controls or further action are required.
Also known as:
risk analysis, risk evaluation
At a glance
Definition
A risk assessment identifies relevant hazards or uncertainties, considers likelihood and consequence or other defined criteria, evaluates existing controls and determines whether additional measures are needed. The method should suit the type of risk and operational context.
Why it matters
The concept is highly usable across all three focus industries and creates internal links from standards and regulations to Icologiq Risk Management.
ARC-005
A structured assessment used to identify hazards or uncertainties, estimate their risk and determine whether controls or further action are required.
A risk assessment identifies relevant hazards or uncertainties, considers likelihood and consequence or other defined criteria, evaluates existing controls and determines whether additional measures are needed. The method should suit the type of risk and operational context.
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