Final answer:
The process that evaluates all organizational risks by assessing their frequency and severity is known as risk analysis.
Step-by-step explanation:
The process that evaluates all organizational risks, including their frequency and severity, is known as risk analysis. This method does not only apply to species biology but also pertains to assessing environmental damage, social and economic impacts, and public health issues. Moreover, risk analysis is crucial to determine the feasibility of control or eradication of certain risks. For example, risk analysis techniques are employed to prevent plant invasions by screening new pine introductions. The concept of risk, as defined by the National Research Council in 2002, is the product of the likelihood of an event or process and its consequences.