Why is Risk Assessment Important Today?
Before I dive into why a risk assessment is essential in today’s world, it is important to briefly define what a risk assessment is. A risk assessment is best defined as a systematic process of evaluating the potential risks that one encounter in a projected activity or undertaking. There are different types of risks spanning from security-related to physical and personal. For this answer, I will draw mainly from my expertise in the security industry. With that said, elements of a standard risk assessment include the following:
