The risk analysis (English threat and risk assessment ) is used in all areas of life application and hence constitutes an important means of evaluating certain situations, plans, events or systems
General overviews can be found in Articles danger and risk.
Areas of application
Risk analyzes are generally used to identify and assess risks, so as part of risk management can be passed on to third parties to avoid possible negative events with preventive measures, or reduced. Furthermore, they are used for the communication of risk situations, for example, to promote the perception of risk.
- As a statutory provision the financial statements of a company to complement a management commentary or risk report;
- As a basis for project planning;
- Survey of the risk situation of enterprises;
- In banks for the determination of high-risk customer segments, to control the lending or licensing, and to determine the capital requirements under Basel II and (since 2014 ) to Basel III;
- Identification of risks of new technologies, social developments;
- Identification and evaluation of product risks, particularly in the launch of new products, or completion of product liability insurance;
- Determination by Frauds ( infidelity, embezzlement, fraud, betrayal of service or trade secrets, corruption, etc.) Endangered work processes in the administrations and enterprises and to review and develop the existing internal control systems.
Risk Analysis in Business Administration
Risk analysis is in business administration to estimate the costs may be entering risks to manage risk and determining the amount of imputed risk costs.
- Generally interpreted a systematic procedure to assess risks more comprehensive, to make complex connections transparent and to address uncertainties or knowledge gaps. They can be divided into three sub-steps are divided: Risk identification - what risks is my company faced
- Risk assessment - which risks occur with the probability; Risk analysis in the strict sense
- Risk Management - cause identification, action planning
Risk analysis in other areas
- Risk analyzes are now performed in all industrial sectors with a potential risk, such as nuclear, aviation, rail, marine, chemical, petrochemical and dams, the methods of probabilistic safety analysis ( PSA) are used.
- The Maurer scheme for calculating the strength of the forces of the medical guard duty applied - For major events - the different risk propensity bill supporting.
- For firefighters, a fire protection requirements plan is required in some states to ensure with this instrument of risk and hazard analysis to achieve the goal within the time limit in.
- For settlements in the mountains and in large buildings the potential natural hazards ( landslides, avalanches, landslides, subsidence, subsidence, etc.) to estimate. In addition to methods of geotechnical engineering and the Geoseismik is often used.
- In the machinery and plant construction emanating from the machine / plant risk are determined and determines the countermeasures.
- In medicine, the economy and in the development of medical devices, a risk management process must be performed and documented continuously in accordance with the requirements of EN ISO 14971 and the provisions of the Medical Devices Act.
- In the field of electrical engineering with the European standard EN 62305-2 leads (see lightning protection) on the need for risk analysis (concerning hazards caused by lightning and surge) in the construction of electrical systems.
- For evaluation of level crossings risk analysis can be used to determine the assurance level required, so a reasonable assurance is provided eg by a warning system.
- For risks around information, IT systems and IT services risk management processes are being set.
Phases of the risk analysis
The risk arises from the multiplication of the amount of loss by the probability or hazard rate, depending on whether it is a temporary venture or to a continuing risk, summed over the various hazards.
The order of the two preceding phases depends on whether the situation, the project, the technical execution is given or should be based on a result obtained in the phase of risk assessment maximum tolerable risk.