What is another word for Risk Assessment?
Pronunciation: [ɹˈɪsk ɐsˈɛsmənt] (IPA) 
Risk assessment is a vital process that helps individuals and organizations to identify potential risks and hazards. It is an evaluation of the probability, likelihood, and consequences of a particular activity or situation. However, there are several different terms and phrases that are synonymous with risk assessment. For instance, some people might refer to risk assessment as hazard identification and risk analysis, whereas others might call it risk management or safety analysis. Other common synonyms include threat assessment, risk evaluation, and risk mitigation. Whatever the term used, risk assessment is essential in both personal and professional situations, as it helps people to make informed decisions and take appropriate actions to minimize potential harm or damage.
