Keyword Analysis & Research: risk assessment

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What is a risk assessment and why is it important?

A risk assessment is an important step in protecting your workers and your business, as well as complying with the law. It helps you focus on the risks which really matter in your workplace – the ones with the potential to cause real harm. In many instances, straightforward measures can readily control risks.

What is the main purpose of a risk assessment?

The primary purpose of risk assessment is to evaluate the consequences if a business investment or action fails. Company leaders typically want to avoid new investments or projects when the threats are catastrophic or when they outweigh potential rewards, according to PricewaterhouseCoopers.

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