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 an initial risk assessment is that further analysis may not be required, for 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