The purpose of risk assessment

I’m often asked what seems like a pretty simple question: “Why do we need to do a risk assessment?” There are a lot of good reasons to do risk assessments, but ultimately, the purpose of risk assessment is best summed up in this quotation:

“Risk assessments, except in the simplest of circumstances, are not designed for making judgements, but to illuminate them.”

Richard Wilson and E. A. C. Crouch, Science, Volume 236, 1987, pp.267

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