The probability of the occurrence of such an event is referred to as the risk. Many of the risks that we encounter are natural and uncontrollable by individuals. However, people make decisions or select daily activities, they need to be aware of how to address the risks that may arise. This process is called risk assessment and can only be properly completed if there is a fairness in handling the facts and an understanding of the consequences of one's choices. These consequences may impact both our own health and the Earth's ecological components.
Risk assessment done appropriately involves several different steps.
The situation as it presents a risk must be identified. Data must be used to evaluate the event. The probability of the result occurring must be determined. In some cases past information can be used to assist in this work, but so many new products are becoming available, it is often necessary to use estimated values. The consequences must be characterized.