A risk assessment is a qualitative evaluation of the degree of risk involved in certain specific situations. This assessment helps identify the type of threats and dangers involved in a concrete circumstance. This is generally done in potentially hazardous industrial sites for calculating the potential profit and loss that might occur. This involves careful evaluation of the potential losses that might occur. Engineering sites that deal with various kinds of machinery employ this method of examination to ensure minimum hazard to the machines, the environment and life. There are a number of risk assessments and they vary according to the places in which they are undertaken. The food industries, medical industries, construction sites etc regularly follow the risk assessment. This is a vital process and must be conducted with extreme care. The essential pointers that need to be kept in mind while carrying out the risk assessment are:
- The risk assessment is followed for ensuring the safety of both the business and its employees. Thus, it is important to correctly choose the type of assessment that needs to be followed. It could be a project risk related assessment, an information security risk related assessment or even a human health risk related assessment
- This type of assessment must be conducted on a daily basis to make certain of the working conditions and practices, the machine safety, cost and profitability of the process and also health risks.
- The observations made through the risk assessment must be carefully noted and informed back to the concerned department responsible for the assessment.
- The risk assessment is pivotal in noting down the improvements that can be made to decrease the potentiality of risks.
Therefore, the risk assessment can be recorded and used for future purposes to prevent hazards and improve the working situation.