Definition
Risk Assessment is the process of identifying Threats, Vulnerabilities and the potential consequences of their exploitation to determine the level of Risk to protected Assets.
Human Explanation
It helps determine what may go wrong, what the consequences may be and which Threats require the most attention.
Why it Matters
It supports security decisions based on actual Risk rather than assumptions.
Conceptual Boundary
Risk Assessment is not the production of a table or spreadsheet. Its purpose is to support informed decisions.
Practical Perspective
The most useful assessment leads to specific Risk-reducing actions rather than documentation alone.