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Obesity

Risk analysis

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Risk analysis

Risk analysis is a concept that has become increasingly important to most institutions and even governments to determine the success of the goals they aim to achieve. In definition, risk analysis is the in-depth analysis of the issues that may face a particular project, institution, or an ecosystem, barring it from achieving its set of objectives or risking its continued existence in the case of the ecosystem (Bridges, 2019). For instance, a fishing company may carry out a risk analysis to determine the future success of its operations in the market. The future supply of the raw material, fish in this instance, may be looked at against other related factors such as pollution and demand that may affect the fish numbers. The fishing company, therefore, may look for alternative sources or take breeding into their own hands to maintain their supply. The risk analysis is primarily carried out to identify potential problems, analyzing them, and, ultimately, seeking suitable mitigating measures to reduce its impact or stop it from happening at all. Risk analysis usually takes up a more or less similar form of implementation. The process usually starts with the identification of the potential problems, determining who or what will be affected if the issues were not to be handled, assessing the problems and coming up with viable solutions, and, lastly, implementation of the determined solutions (Bridges, 2019). Through this, institutions can attain a certain level of sustainability, as it paints a possible picture of the future and allows them to plan ahead, making them better Risk analysisprepared for any eventuality.

Risk analysis is of much significance to both humans and the environment in general; other organisms included. The effects are, in most cases, positive for the affected parties as it gets done to better their livelihoods or ensure continued existence in the case of small organisms that are useful to the ecosystem. As said earlier, risk analysis looks at potential issues and comes up with suitable measures to tackle them. It may, in this case, look at the potential risks that will likely face people in the future.

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This comes in the form of several other factors, such as the environment, the economy, the political scene, and the health sector. The sectors mentioned all play an important role and, likely, have a bearing on how humans will fair if they were to experience any change. The state of the economy, for instance, may be looked at in view of the near future. A country’s economy has several factors that affect whether it will improve or worsen, such as population, labor, technology, and even behavioral factors such as the state of corruption in a country (Editor, n.d). These, when looked at critically, may shed light on what the state of the economy will be in the near future and, therefore, arm the government with the necessary information on how to improve it or avert an oncoming disaster. A better economy means better living conditions for citizens of a country, which, in a nutshell, goes to show the vast impact risk analysis has on human lives.

To attain environmental sustainability, risk analysis is imperative. The deteriorating state of our environment has been brought about, primarily, by the activities undertaken by us humans in total disregard of the potential risks they have on our environment. The ecosystem is mainly interdependent, meaning certain entities depend on each other for their sustenance. Humans, for instance, depend on animals for food, which in turn depend on plant life, creating a chain of dependency that when broken, puts that ecosystem at risk. To ensure sustainability, risk analysis may be undertaken to project the growth in numbers of certain organisms. Fish, for example, is depended upon by humans for food, and their numbers for the future can get determined by the growth of the human population (consumers), or the presence of plankton (fish food) in the sea. This would help anticipate fish numbers in the future and help determine ways of maintaining the favorable fish numbers. Climate can also get put into consideration in tracking the vegetation cover on a specific area in the future. Weather forecasting can be employed to determine the prevailing climate conditions for the near future, which would determine how much vegetation would grow and, therefore, enable appropriate measures to ensure suitable vegetation cover regardless of drastic changes in climate.

 

 

Works Cited

Bridges. (2019, December 9). Risk Analysis 101: How to Analyze Project Risk. Retrieved April 7, 2020, from Project Manager: https://www.projectmanager.com/training/how-to-analyze-risks-project

Editor. (n.d.). How does the global economy work? Retrieved April 7, 2020, from Edology: https://www.edology.com/blog/accounting-finance/how-does-global-economy-work/

 

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