What is risk assessment and Tell about the format of Risk assessment?

Question

Accepted Answer

Risk assessment is the process of identifying potential hazards and evaluating the likelihood and severity of harm that could result.

Risk assessment involves identifying hazards, assessing the likelihood and severity of harm, and determining appropriate control measures.
The format of a risk assessment typically includes identifying the hazard, assessing the risk, determining control measures, and reviewing and monitoring the effectiveness of the control measures.
Examples of risk assessment formats include HAZOP (Hazard and Operability Study), FMEA (Failure Mode and Effects Analysis), and SWIFT (Structured What-If Technique).

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