What is a "risk assessment" in the context of hazardous materials management?

A "risk assessment" in the context of hazardous materials management refers to a structured process used to evaluate potential hazards and risks associated with the handling, storage, and transportation of hazardous substances. This process typically involves identifying the specific hazardous materials involved, analyzing the associated risks, and determining the likelihood and consequences of various hazardous events.

The correct option highlights that risk assessment goes beyond mere observation or data collection; it requires a comprehensive evaluation of both the hazards present and the potential risks they pose to human health and the environment. This is crucial for effectively managing hazardous materials and implementing appropriate safety measures.

By understanding the level of risk, organizations can develop risk management strategies, prioritize protective actions, and comply with regulatory requirements, ultimately improving safety outcomes in environments where hazardous materials are present.