Risk assessment models are systematic tools used to evaluate potential risks in various contexts, such as finance, healthcare, and environmental management. These models help organizations identify, analyze, and prioritize risks based on their likelihood and potential impact, enabling informed decision-making. Typically, risk assessment models incorporate quantitative and qualitative data to generate insights. They may use statistical methods, historical data, and expert judgment to predict outcomes. By applying these models, businesses and institutions can develop strategies to mitigate risks and enhance overall safety and efficiency in their operations.