# Assess risks
<a name="raibr03"></a>


| RAIBR03: How will you assess the risks posed by the potential harmful events? | 
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 Assess the risk level of potential harms based on their likelihood and severity. Risk rankings assist to prioritize investments in mitigations and to incorporate proper controls in the design phase. Establish your methodology for assigning risk before performing the assessment. If your organization has already developed a methodology, use it so that your organization can make equal risk comparisons across use cases. Register risk for tracking and informed decision-making across AI use cases. 

**Topics**
+ [RAIBR03-BP01 Identify the likelihood of each potential harm](raibr03-bp01.md)
+ [RAIBR03-BP02 Identify the severity of each potential harm](raibr03-bp02.md)
+ [RAIBR03-BP03 Assign an overall risk level to each potential harm](raibr03-bp03.md)
+ [RAIBR03-BP04 Use a risk registry to track and calibrate potential harms and risks](raibr03-bp04.md)