A risk assessment will help you have a better understand of your safety testing needs. It is a process to identify potential hazards, model risks and analyse outcomes. A business impact analysis (BIA) is the process of determining the potential impacts resulting from the interruption of time sensitive or critical business processes.

The ultimate purpose of a risk assessment is to improve workplace health and safety. To achieve this, the risk assessment process needs to identify workplace hazards and reduce or eliminate the risks they pose.