Risk Assessment Frameworks | Vpedia - Empowering knowledge sharing

Risk assessment frameworks are structured processes used to identify, analyze, and prioritize potential risks that could negatively impact individuals, assets, and the environment. With various methodologies, including qualitative and quantitative approaches, risk assessment frameworks are widely used in fields such as finance, healthcare, and environmental management. For example, JPMorgan Chase uses risk assessment frameworks to manage its financial risks, while Johns Hopkins Hospital uses risk assessment to identify and mitigate patient safety risks.