RISK ASSESSMENT

Risk Assessment

Risk Assessment

Introduction

Risk is the probability or expectation of a bad outcome that is Risky element in any event is the possibility of a bad outcome due to that event. Risk is different from uncertainty as the risk is in an individual's mind when thinking about an event, whereas uncertainty has a very remote possibility and often one does not think of uncertainty when planning for something. For example, in the present circumstance when arranging a public event involving huge mass like a concert; there remains a risk of terrorist activities, and that is a risk that usually comes to ...