Risk Assessment

Authored by: Reynolds M. Salerno , Jennifer Gaudioso

Laboratory Biosecurity Handbook

Print publication date:  June  2007
Online publication date:  June  2007

Print ISBN: 9780849364754
eBook ISBN: 9781420006209
Adobe ISBN:

10.1201/9781420006209.ch2

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Abstract

Although the term risk is common vernacular, it is rarely acknowledged that risk is a function of probability and consequences. In other words, higher risk can be a result of an increase in probability that an event will take place or an increase in the consequences if the event were to occur. In order to answer the question “What is the risk?” three subsidiary questions must be answered: “What can go wrong?” “How likely is it?” “What are the consequences?” 1 A risk assessment is a systematic, structured process for analyzing and determining risk, and the risk assessment should serve as the basis for managing risk or deciding how best to mitigate risk.

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