{"id":424,"date":"2017-11-06T13:41:02","date_gmt":"2017-11-06T13:41:02","guid":{"rendered":"http:\/\/www.latestquality.com\/?p=424"},"modified":"2017-11-06T13:41:02","modified_gmt":"2017-11-06T13:41:02","slug":"steps-carry-risk-assessment","status":"publish","type":"post","link":"https:\/\/www.latestquality.com\/steps-carry-risk-assessment\/","title":{"rendered":"What Are the Steps to Carry out a Risk Assessment"},"content":{"rendered":"

Risk is referred to as any situation that involves vulnerability to danger or any sort of harm. For any organization, being able to take steps to carry out a risk assessment is an important part of business. It is the evaluation and analysis of any task or process that might be dangerous or hazardous and can cause any sort of harm to the organization. Risk assessment is essential for risk management and its further prevention. It is important to find out the root cause effectively to better manage your risks.<\/p>\n

Steps to Carry out a Risk Assessment<\/h2>\n

A risk assessment can be carried out in four steps as seen below.<\/p>\n

    \n
  1. Recognize the risks<\/li>\n
  2. Identify risk targets<\/li>\n
  3. Analyze the risk and its precautions<\/li>\n
  4. Evaluation of risks<\/li>\n<\/ol>\n

     <\/p>\n

    Recognize the risks<\/h3>\n

    The first and foremost step in risk assessment is identifying the risk elements in an organization that hinders the effectiveness of the quality management system<\/a>. External as well as internal risk factors are involved. External risk factors include political, technological, social and economical risk factors. Internal risk factors might include personnel, operations or environment. Therefore it is important to look around and determine what elements can be harmful. It is important to analyze operator\u2019s datasheets, out of routine processes, health hazards and record of accidents etc.<\/p>\n

    Risk is always associated with cause and effect<\/a>. Risk is a situation that might happen due to the cause. Cause is the ongoing situation and effect is a result that might happen.<\/p>\n

    Risks can be identified by monitoring and determining the issues and differentiating causes and risks from them. Therefore, for identifying risks it is important to look for sources of ambiguities first.<\/p>\n

    Identify risk targets<\/h3>\n

    After the risks have been identified, it is important to identify risk targets as well because it gives a better understanding of how to manage that particular risk and steps are taken to control it. In some cases it is necessary to involve other personnel too in identifying the targets, if needed.<\/p>\n

    Analyze the risks and its precautions<\/h3>\n

    For proper management of risks it is very important to perform a strong risk assessment. Risk analysis can be done by finding out the sources as well as causes of risks and what result it can produce. Following are some of the methods that can be used for risk assessment:<\/p>\n