Risk Evaluation Process

While the risk identification process is considered the most critical stage of all, the end result is little more than a list of potential threats. Without effective evaluation and management, the document has little to no value whatsoever. Knowing how to act on the risks identified means first being able to both categorise and prioritise risk appropriately. Which risks are most likely to occur, which present the worst potential consequences, which can be given less focus than others – important matters to address during the evaluation process. It’s only by determining the significance or value of identified hazards that the required strategy for their management or elimination can then be developed.

Study the risk evaluation process at an advanced level with this exclusive tutorial. Learn how and why the risk evaluation process is carried out, along with how to assign value to identified risks and prioritise accordingly. Discover the value of accurate and efficient risk evaluation for any organisation.