A statement which most accurately and best describes what risk assessment tools are designed to do is determining the probability and severity of various hazard events.
What is a risk assessment tool?
A risk assessment tool can be defined as a strategic process which involves identifying, evaluating, and analyzing the potential threats or hazards that are present in a business or work place as an obstacle to its success, capital, revenues and profits, especially through the use of certain tools.
This ultimately implies that, we can infer and logically deduce that a statement which most accurately and best describes what risk assessment tools are designed and developed to do is determining the probability and severity of various hazard events and potential threats.
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