Definition of risk assessment noun from the Oxford Advanced American Dictionary

 

risk assessment

 noun
noun
 
[countable, uncountable](business)
 
jump to other results
the act of identifying possible risks, calculating how likely they are to happen and estimating what effects they might have, especially in the context of a company taking responsibility for the safety of its employees or members of the public The employer has an obligation to carry out a risk assessment. The insurance representative came to explain the concept of risk assessment. A fire risk assessment will identify all the fire hazards on your premises.
See the Oxford Advanced Learner's Dictionary entry: risk assessment