What is Risk Assessment Report ? How is Risk Assessment Report prepared ?
Risk assessment is a general term used across many industries to determine the likelihood of loss on an asset, loan, or investment. Assessing risk is essential for determining how worthwhile a specific investment is and the best process(es) to mitigate risk. It presents the upside reward compared to the risk profile. Risk assessment is important in order to determine the rate of return an investor would need to earn to deem an investment worth the potential risk.
A Risk Assessment and Analysis is a broad term which encompases the identification, and critical analysis of risk factors for a given activity. What elements constitutes a risk assessment depend in part on the subject of the assessment.
Risk Assessment Report is the documentation side of risk analysis.