Explain the use of risk analysis in environmental assessment
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Broadly speaking, a risk assessment is the combined effort of:
1.identifying and analyzing potential (future) events that may negatively impact individuals, assets, and/or the environment (i.e. risk analysis); and
2.making judgments "on the tolerability of the risk on the basis of a risk analysis" while considering influencing factors (i.e. risk evaluation).
Put in simpler terms, a risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events The results of this process may be expressed in a quantitative or qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to "introduce control measures to eliminate or reduce" any potential risk-related consequences.