What two questions does a risk assessment typically seek to answer?

The primary function of a risk assessment is to systematically identify and evaluate potential hazards associated with a particular task or work environment. By focusing on the likelihood of encountering a hazard and the consequences that may result from such hazards, a risk assessment aims to quantify the risks involved in the activity.

Determining the likelihood assesses how probable it is that a hazard may occur, while evaluating the consequences considers the possible impact or severity if that hazard does occur. This dual focus allows organizations to implement appropriate safety measures and control strategies to mitigate risks effectively.

Other options provided, although they address different aspects of work planning and management, do not capture the essence of what a risk assessment aims to evaluate in terms of safety and risk management. For instance, while understanding equipment needs and responsibilities for safety are important for operational planning and compliance, they do not directly pertain to the fundamental focus of assessing risk in a work scenario.