Risk Assessment explained in a minute!

Funny video but the message is very serious and in our professional world, we might have many situations where we need to identify, analyze and mitigate risk.

Risk assessment is a systematic process that identifies, evaluates, and prioritizes potential risks. It involves analyzing internal and external factors to make informed decisions and develop effective risk management strategies. 

The steps include hazard identification, risk evaluation, risk analysis, risk treatment, and ongoing monitoring and review. Risk assessment is dynamic, involving active participation from stakeholders. Its goal is to minimize the impact and likelihood of risks, improving decision-making and overall outcomes.

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