Risk Assessment Glossary Definition

Risk assessment is a systematic process to analyze and identify any possible threats or risks that may leave sensitive information vulnerable to attacks.

It also employs methods to calculate the risk impact and eliminate such threats.

In security and compliance work, this term helps teams describe controls, risks, identity practices, standards, audits, or protective technologies. It is relevant when managing access, reducing exposure, documenting safeguards, or demonstrating accountability.

Risk owners and project teams use this concept when documenting uncertainty, choosing responses, escalating exposure, and reviewing whether risk actions are working.

Related concepts include Risk, Risk Register, Risk Owner, Issue, Opportunity and Contingency Plan.