● A risk assessment is a systematic process that involves identifying, analyzing, and controlling hazards and risks. It is performed to determine which measures are, or should be, in place to eliminate or control the risk in the workplace in any potential situation.
● The process of risk assessment generally includes the following steps:
○ Identifying hazards or risks.
○ Evaluating the risks
○ Decide on control measure to be implemented
○ Document your process and findings
○ Review the assessment and update if necessary
● The four common risk assessment tools are risk matrix, decision tree, failure modes and effects analysis (FMEA), and bowtie model.
