risk assessment

Definitions (2)
Popular Terms
1. The identification, evaluation, and estimation of the levels of risks involved in a situation, their comparison against benchmarks or standards, and determination of an acceptable level of risk.
2. Food industry: According to FAO/WHO it consists of hazard identification, hazard characterization, exposure assessment, and risk characterization.

Use 'risk assessment' in a Sentence

Before investing in a new product, the company performed a risk assessment to see if their investment would bring a profit.
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Being able to accurately figure out the risk assessment will help you to know if you should take it on or not.
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Before I could donate plasma, I had to read the risk assessment board to ensure that I was not a risk to donate that day.
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