Risk analysis (engineering)

Risk analysis is the science of risks and their probability and evaluation.Risk analysis should be performed as part of the risk management process for each project. The data of which would be based on risk discussion workshops to identify potential issues and risks ahead of time before these were to pose cost and/ or schedule negative impacts (see the article on Cost contingency for a discussion of the estimation of cost impacts). The risk evaluation of the Information technology environment has been the subject of some methodologies; Information security is a science that based itself on the evaluation and management of security risk, regarding the information used by organization to pursue their business objectives.Standardization bodies like ISO, NIST, The Open Group, Information Security Forum had published different standards in this field.