What is Risk Assessment and how it is done What is Risk? A probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities. What is Risk Assessment? Risk assessment is careful examination of any hazard/loss/injury in your workplace which can cause damage to business/resources or any asset. Assessing Risk and identifying sensible measures to control the risks in your workplace. It describes the overall process of: Identifying Risk Analyzing and Evaluating Risk Determine appropriate ways to eliminate the hazard What are objectives of Risk Assessment? Ensure business achieve their strategic objectives Improve the output over the business application to reduce business associated risks. Improve efficiency and effectiveness of business operations Assuring best practices are adopted during test/deployment and implementation life-cycle ...