Risk assessment

The review of a risk for the purposes of its simple quantification and prioritisation for potential further appropriate analysis, evaluation and management.

One potential conclusion from such a risk assessment is that further analysis may not be required, fro example if a risk is immaterial, remote, or both.

See also

• Materiality
• MIRA
• Risk analysis
• Risk evaluation
• Risk identification
• Risk management
• Risk reporting
• Risk response
• Guide to risk management