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Virginia Department of Social Services Division of Licensing Programs Risk Assessment and Adverse Enforcement Guidance Manual Thinking it through before jumping to a conclusion Revised: October 24,

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What is risk assessment process and?

The risk assessment process is a methodical process used to identify, evaluate, and analyze potential risks and uncertainties in order to develop appropriate strategies for managing them.

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The purpose of the risk assessment process is to proactively identify and evaluate potential risks, allowing organizations to prioritize resources and develop strategies to prevent or minimize those risks. It aids in decision-making, enhances operational efficiency, and safeguards the well-being of the organization, its employees, and its stakeholders.

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