Risk assessment models are systematic approaches used to identify, evaluate, and prioritize risks associated with specific activities or decisions. These models help organizations understand potential threats and vulnerabilities, allowing them to make informed choices to mitigate negative impacts. Commonly used in fields like finance, healthcare, and environmental management, these models often incorporate quantitative and qualitative data. The process typically involves defining the scope, identifying risks, analyzing their potential consequences, and determining appropriate responses. By employing tools such as statistical analysis, decision trees, and scenario planning, organizations can better prepare for uncertainties and enhance their overall resilience.