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Whenever there is a possibility of a dangerous situation, thought or event (financial, organizational, life-threatening, assets etc) to become a happening, it is called risk.
Risk is the potential of losing something of value through intentional interaction with uncertainty
It is the likelyhood of an hazard occuring or causing harm
"Potential failures having negative impacts as a part of deficiencies or flawa in design or
engineering "
The risk in water treatment is Maintain the parameters of the water.
any potential hazard that can cause a harm is a risk.
A RISK is a possible event could happen ahead that is not fully determined or identified (unknown). It could give a negative (loss) or positive (gain) impact to a project.
Possibility of having surprises or uncertain event is risk. Risk may be negative as well as positive.
Usually positive risk is referred as opportunity.
All risks must be identified and be supported by contingency planning.
That is potential of losing something,its a possibility of a dangerous situation( financial ,organizational..etc).
In the engineering field a risk is a potential dangerous event that most probably affect safety & health measures.
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