Risk analysis is a research area that involves evaluating and assessing potential risks and uncertainties associated with a particular decision, action, or project. This includes identifying potential risks, analyzing the likelihood and impact of these risks, and developing strategies to mitigate or manage them effectively. Risk analysis is commonly used in various fields such as finance, engineering, environmental science, and healthcare to make informed decisions and minimize potential negative outcomes. It helps decision-makers to understand and quantify the potential risks involved in a particular situation, enabling them to make more informed and strategic choices.