Risk Assessment
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Contents
Definitions
Official European Definition
Other International Definitions
UNISDR
A methodology to determine the nature and extent of risk by analysing potential hazards and evaluating existing conditions of vulnerability that together could potentially harm exposed people, property, services, livelihoods and the environment on which they depend [1]. According to UNISDR, risk assessments (and associated risk mapping) include:
- a review of the technical characteristics of hazards such as their location,intensity, frequency and probability;
- the analysis of exposure and vulnerability including the physical social, health, economic and environmental dimensions;
- and the evaluation of the effectiveness of prevailing and alternative coping capacities in respect to likely risk scenarios.
This series of activities is sometimes known as a risk analysis process.
National Definitions
Standard Definition
ISO/IEC 27000:2014
The standard defines risk assessment as the "overall process of risk identification, risk analysis and risk evaluation[2](based on the ISO Guide 73:2009[3]) .