riskanalysis
nounUK /ˈrɪsk əˌnæl.ə.sɪs/
US /ˈrɪsk əˌnæl.ə.sɪs/
Risk analysis is the careful study of what could go wrong so you can stay safe.
Before the school trip, the teachers did a risk analysis to make sure the hike was safe.
OTHER MEANINGS
2. In business, it means figuring out how much money a company might lose and how to avoid it.
The bank did a risk analysis before lending money to the new shop.
3. In computer security, it means checking which parts of a system could be attacked and how to protect them.
The IT team performed a risk analysis to find weak spots in the network.
4. In health care, it means studying the chances that a treatment or illness could cause harm.
Doctors used risk analysis to decide if the medicine was safe for children.