risk assessment

plural risk assessments

1. countableuncountableThe overall process of identifying all the risks to and from an activity and assessing the potential impact of each risk.

   BBC News website, Radioactive warning on Fife beach read at http://news.bbc.co.uk/1/hi/scotland/edinburgh_and_east/4974692.stm on 14 May 2006 - Sepa has been carrying out a risk assessment at the bay and now wants a detailed investigation to be carried out.

   1 more example

   NR had carried out risk assessments in 2002, identifying potential dangers with the crossing and recommending the installation of automatic locking gates. But this was not acted upon. In 2007, following the tragic deaths of Charlotte and Olivia, NR erected a footbridge and installed locking gates at the foot crossing.

   2023 November 1, Ian Prosser talks to Stefanie Foster, “Safety Mission: Possible”, in RAIL, number 995, page 36

2. countableuncountableThe 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.