Risk assessment is a crucial step in any project planning process as it helps to identify and assess potential risks to the participants and surrounding populations. This involves a comprehensive understanding of the likelihood of failure, possible accident scenarios, and population vulnerability. While it may be challenging to achieve absolute safety, adhering to proper protocols, handling, and training can significantly reduce the chances of mishaps. In case of emergencies, prompt action must be taken to control the situation and prevent loss of life and property damage.

The role of risk assessment involves identifying potential threat areas, representative failure instances, and visualizing possible scenarios in terms of fire and explosion. It also includes evaluating the overall damage potential of identified hazardous events and providing ideas for mitigating the worst-case accident scenarios. Additionally, it involves developing a Disaster Management Plan and an Emergency Plan, which includes an Occupational and Health Safety Plan. Expert assistance can be sought to obtain the necessary information and guidance for a comprehensive risk assessment.