Risk assessment is a process used by organizations to identify, evaluate, and prioritize potential risks that could affect their operations, assets, or financial stability. This process involves analyzing potential hazards, assessing the likelihood of those hazards occurring, and estimating the potential impact they could have on the organization. Risk assessment helps organizations to make informed decisions about how to mitigate or manage risks in order to protect their assets and achieve their objectives. This research area is often utilized in a wide range of industries, such as finance, healthcare, and engineering, to ensure the safety and stability of operations.