Risk assessment is a process of identifying multiple risk factors that have the potential of causing a hazard, damage, or loss.
Risk assessment is also concerned with calculating the potential risk, by providing risk analysis and evaluation, grading different levels of risk, and propagating different ways to eliminate the risk or to keep the hazard in the controlled environment.
Risk assessment tries to identifiy potential hazardous situations, predict possible conseqences, provide different requperating scenarious and control the risk.