it looks like a honest accident.
Everybody has a tendency to say this. I don't believe there is such an animal. Accidents are the sum of preventable errors.
Risk assessment is a step in the risk management process. Risk assessment is measuring two quantities of the risk R, the magnitude of the potential loss L, and the probability p that the loss will occur.
Risk assessment may be the most important step in the risk management process, and may also be the most difficult and prone to error. Once risks have been identified and assessed, the steps to properly deal with them are much more programmatical.
If you haven't had a class in risk management I would highly recommend it. At the least it makes you more aware of your risks so that you can process them.
Land Speed racers are by definition risk takers. The technical inspection that we go through is a risk assessment process to reduce the risk to an acceptable value.
Every day we evaluate risk, when we light a candle, drive to work, you name it. Frequently we under evaluate the risk because of the inconvenience.
Time to step it up a notch.
