Risk analysis

Risk Analysis can refer to:
 * Risk analysis (engineering)
 * Probabilistic risk assessment, an engineering safety analysis
 * Risk analysis (Business)

‘Risk analysis’ is employed in its broadest sense to include:


 * Risk assessment
 * involves identifying sources of potential harm, assessing the likelihood that harm will occur and the consequences if harm does occur.


 * Risk management
 * evaluates which risks identified in the risk assessment process require management and selects and implements the plans or actions that are required to ensure that those risks are controlled.


 * Risk communication
 * involves an interactive dialogue between stakeholders and risk assessors and risk managers which actively informs the other processes.

Risk analysis = risk assessment + risk management + risk communication.