What is risk assessment

 Risk Assessment is the process of identifying, analyzing, and evaluating potential risks that could negatively impact people, assets, operations, or the environment. It helps organizations take preventive measures to minimize or eliminate those risks.

🔍 Definition:

> Risk Assessment is a systematic process to recognize hazards, evaluate the associated risks, and determine appropriate ways to eliminate or control the risk.

🧩 Steps in Risk Assessment Process:

1. Identify Hazards

Find potential sources of harm (e.g., chemicals, machinery, processes).

2. Determine Who or What Might Be Harmed

Workers, equipment, environment, public, etc.

3. Evaluate the Risks

Analyze the likelihood and severity of harm.

4. Decide on Control Measures

Use preventive actions like PPE, engineering controls, SOPs.

5. Record Findings

Document the hazards, risks, and control actions.

6. Review and Update

Regularly reassess to keep it current (especially after incidents or changes).

🏭 Where is it Used?

Pharmaceutical Industry

Manufacturing

Construction

Laboratories

Healthcare

IT Security

📌 Types of Risk Assessments:

Qualitative: Based on experience/judgment (e.g., Low/Medium/High).

Quantitative: Based on numerical data/statistics.

Generic: For common tasks across locations.

Dynamic: On-the-spot, for changing situations (e.g., during emergencies).

If you want, I can give you a sample risk asses

sment format or example related to your field (e.g., Pharma, Lab, Office). Let me know!