risk assessment
US /ˈrɪsk əˌses.mənt/
UK /ˈrɪsk əˌses.mənt/
1.
a systematic process of identifying and evaluating potential risks that may harm individuals or assets, and determining the likelihood and severity of the harm.
:
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The company conducted a thorough risk assessment before launching the new product.
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Regular risk assessments are crucial for workplace safety.