Noun
The overall process of identifying all the risks to and from an activity and assessing the potential impact of each risk.
The determination of the potential impact of an individual risk by measuring or otherwise assessing both the likelihood that it will occur and the impact if it should occur, and then combining the result according to an agreed rule to give a single measure of potential impact.
Source: en.wiktionary.orgThe thesis that risk assessment itself is inherently risky is nowhere better borne out than in the area of high-consequence risks. Anthony Giddens
Risk assessment results have shown positive results regarding the safe use of High Molecular Weight Phthalates. Source: Internet
Risk assessment There are various risk assessment systems for determining the risk of coronary artery disease, with various emphasis on different variables above. Source: Internet