Risk assessment is a systematic process used to identify potential hazards, evaluate the likelihood and severity of risks, and determine suitable control measures. It helps organizations protect employees, visitors, equipment, and the environment by addressing hazards before they cause accidents or injuries. A good risk assessment typically involves identifying hazards, deciding who may be harmed, evaluating the level of risk, implementing appropriate controls, and regularly reviewing the assessment. By maintaining effective risk assessment procedures, businesses can improve workplace safety, meet regulatory requirements, and create a safer and more productive working environment.