/ index

Risk analysis vs. risk assessment

Risk Analysis:

analytical process to provide information regarding undesirable events;

process of estimating probabilities and expected consequences for identified risks.

detailed examination including risk assessment, risk evaluation and risk management alternatives, performed to understand the nature of unwanted outcome;

A process undertaken to deal with matters which pose a potential danger, managed according to certain standard procedure and that involves:

Hazard Identification

Risk Assessment

Risk Management

Risk Assessment:

The process of evaluating the risk resulting from a hazard.

Risk assessment is only part of the whole process of risk analysis.