The assessment looks at identifying, evaluating and measuring the probability and severity of risks.
1. What can happen? (i.e. what can go wrong?)
2. How likely is it that it will happen?
3. If it does happen, what are the consequences?
In the next step, Risk Management, you determine what to do about the risks.
"Remember your dreams and fight for them. You must know what you want from life." - Paul Coelho
"Failing to plan is planning to fail." - Alan Lakein Lakein
"Never underestimate the power of dreams and the influence of the human spirit." - Wilma Rudolph
"Before beginning, plan carefully." - Marcus Cicero