Risk assessment refers to a systematic process used by organizations and individuals to identify, analyze, and evaluate potential risks that may be associated with certain activities or operations. The goal is to determine the likelihood of these risks occurring and their possible consequences in order to make informed decisions about how best to manage them. This can involve evaluating factors such as the severity of potential harm, the probability of an event happening, and any preventative measures that may be taken to reduce or eliminate the risk altogether. Risk assessment is a critical tool for organizations in various industries, including healthcare, finance, manufacturing, and construction, among others, to ensure they are taking appropriate steps to protect their employees, customers, assets, and overall operations from potential harm.