Risk analysis is a technique to identify and assess factors that may jeopardize the success of a project or achieving a goal. This technique also helps define preventive measures to reduce the probability of these factors from occurring and identify countermeasures to successfully deal with these constraints when they develop.
One of the more popular methods to perform a Risk Analysis in the computer field is called FRAP (Facilitated Risk Analysis Process)
See document sp800-30.pdf [1] (http://csrc.nist.gov/publications/nistpubs/800-30/sp800-30.pdf) for more information from the NIST related to Risk Analysis when related to the computer field.
Risk assessment is a scientifically based process of evaluating hazards and the likelihood of exposure to those hazards, and then estimating the resulting public health impact.
In the final step of the risk assessment, known as risk characterization, all of the information gathered during the risk assessment process is integrated to show who is at greatest risk, which variables contribute most to the risk of foodborne illness, and which intervention strategies would lead to the greatest reduction of risk.
Risk communication not only refers to communicating the results of the riskanalysis to the general public, but also to the ongoing communication among risk assessors, managers, scientists, regulators, and various stakeholders during the entire process.
The principal objectives of the RiskAnalysis Section are to study and develop the methodology of riskanalysis and risk assessment and to develop their applications to various subject matter areas.
Riskanalysis consultants are compiling links to resources they have found useful in their work to produce a not-for-profit website that will be a useful tool for everyone interested in risk and reliability analyses.
Riskanalysis is broadly defined to include risk assessment, risk characterization, risk communication, risk management, and policy relating to risk, in the context of risks of concern to individuals, to public and private sector organizations, and to society at a local, regional, national, or global level.