Risk assessment concept

Definition
 Risk means the potential of losing some or all of
the original inventory (Exposer).

 Risk assessment identification, evaluation, and

estimation of the levels of Risk.
Components of Risk assessment

Hazards are events

that have the potential Vulnerability is the
to cause disaster susceptibility of those
values to potential harm.

Exposures are
values at Risk
Risk assessment four steps
Step 1: Hazard Identification
Risk assessment four steps
Step 2: Exposure assessment
Risk assessment four steps
Step 3: Vulnerability assessment
Risk assessment four steps
Step 4: Estimate losses