Risk assessment is the critical foundation for risk management and building resilience in business. It is the important first step towards obtaining a shared vision of the wider risk landscape, to help determine what risks are to be accepted, mitigated and/or transferred; and the reference guide for prioritizing where the resilience of business need to be reinforced.

Risk assessment is process or method where you:

• Identify hazards and risk factors that have the potential to cause harm (hazard identification).
• Analyze and evaluate the risk associated with that hazard (risk analysis, and risk evaluation).
• Determine appropriate ways to eliminate the hazard or control the risk when the hazard cannot be eliminated (risk control).

Areas of operation:

• Appraisal and review of international business, transactions, corporate acquisitions, investments, and investment portfolios.
• Making assessments of various sectors and countries, making appropriate risk analyses.
• Risk analysis of business, acquisition, investment, tender, competitor, project, transaction.