What is the purpose of a risk assessment?

Prepare for the OCR Engineering Design Exam with interactive quizzes featuring flashcards and multiple-choice questions. Unlock hints and explanations to boost your understanding. Enhance your exam readiness!

The purpose of a risk assessment is primarily to detect hazards and assess risks associated with potential harm. This process involves identifying potential sources of danger, evaluating the likelihood of those dangers occurring, and determining their potential impact on people, property, and the environment. By systematically analyzing these factors, organizations can implement appropriate measures to mitigate or eliminate identified risks, thereby enhancing safety and ensuring compliance with legal and regulatory requirements.

This process is critical in various fields, including engineering, healthcare, and environmental management, as it helps prevent accidents and injuries, and promotes informed decision-making. In contrast, determining product pricing, evaluating employee performance, and analyzing market trends are distinct activities that do not directly relate to the identification and management of risks. While they may be important for overall business operations, they are not the primary focus of a risk assessment.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy