Question

a risk assessment requires at least 3 things. two of these are hazard identification and calculating the probability of risk. what is the third thing needed for a risk assessment?
the financial cost of the risk
calculating the consequences of risk

Explanation:

Risk assessment involves identifying hazards, calculating risk - probability, and determining the consequences of the risk. While financial cost can be part of consequences, the general term for the third key element is calculating the consequences of risk.

Answer:

Calculating the consequences of risk