Evaluating how likely a food safety hazard is to occur and how serious its consequences would be.
It is the evaluation of how likely a hazard is to occur and how serious the resulting harm would be, used to decide which hazards need the most control.
Hazard analysis identifies which hazards exist and are significant. Risk assessment weighs the likelihood and severity of those hazards to prioritise how they are controlled.
The likelihood that a hazard will occur and the severity of the harm it would cause if it did.
Because the potential severity of harm is greater, so even the same hazard is treated as higher risk and controlled more tightly.
Yes, at least informally. Judging which steps are riskiest helps a business focus its controls and monitoring where they matter most.