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Classification of Risk Assessment
Risk AssessmentAssessment is a systematic procedure for describing and quantifying the risk associated with hazardous substance, process, action or event. It involves:Identification of hazardQuantification of hazardQuantification of probability of occurrence of hazardEstimation of risk
Classification of Risk AssessmentAccording to scope of work, risk assessment may be classified as: Environmental Risk Assessment
 Industrial Risk Assessment
 Reliability Risk Assessment
 Financial Risk Assessment
 Health Risk AssessmentEnvironmental Risk AssessmentRiskSourceExposure ProcessConsequ--ence processRelease Assessment (Hazard Identification)
Exposure Assessment
Consequence Assessment (Toxicity Assessment)
Risk Estimation (Risk Characterization)Environmental Risk AssessmentHazard identificationIdentification of all possible sources of hazards such chemicals, events, etc.
Estimate their strength at various mediums
Rank them according to their severity

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Classification of risk assessment