Learn in the textbookThe Risk Assessment Process
DefinitionRisk assessment (リスクアセスメント) is a series of activities that runs three steps in order, risk identification, risk analysis and risk evaluation, to reveal which risks need treatment and in what priority.
ExplanationRisk assessment is the stage within risk management (リスクマネジメント), the organization's whole activity from examining risks to acting on them, where risks are examined before any action is taken. Its result shows which risks need treatment and which to tackle first.
AnalogyIt is like a home inspector who finds cracks and leaks, measures how bad each one is, and checks them against repair guidelines to report which ones are urgent.