7. Risk Assessment Concepts · Page 1 of 5
Why Formal Risk Thinking Matters
Move from opinion to prioritized protection investment.

Limited budgets
Few sites can SPD every final circuit on day one. Risk thinking ranks human safety, critical processes, and costly electronics first.
Insurance & compliance
Some facilities need documented lightning risk treatment for insurers or regulators.
Continuous improvement
After near-misses or damaged PLCs, update the risk picture and close gaps.
