What is risk assessment?

Risk assessment is fundamentally the process of identifying, analyzing, and evaluating risks that could potentially harm individuals, property, or the environment in a workplace setting. This systematic approach allows organizations to understand the nature and the extent of risks they face. By identifying hazards, analyzing how these hazards could cause harm, and evaluating the level of risk associated with these hazards, organizations can prioritize safety measures and control strategies to mitigate those risks effectively.

This process is crucial for developing a safe work environment, as it informs decisions on training, safety protocols, emergency planning, and resource allocation. Proper risk assessment not only protects employees but also helps in compliance with legal and regulatory standards, thereby reducing the likelihood of incidents and ensuring overall organizational resilience.