Risks can be classified as either static or dynamic. Static risks are those that remain unchanged over time, while dynamic risks are constantly changing. A dynamic risk assessment takes into account both static and dynamic risks and considers how they might interact with each other. It also evaluates the organization's ability to respond to potential incidents.

A dynamic risk assessment is a process of constantly monitoring and assessing the risks in a business operation. Risks can change quickly and it's important to have a system in place that can adapt as needed.

There are many factors to consider when performing a dynamic risk assessment, including the company's goals, the environment in which it operates, and the threats and hazards faced by employees. It's also important to have contingency plans in place for when things go wrong.

A dynamic risk assessment should be performed regularly, and changes should be made to reflect any new information or risks that arise. By taking a proactive approach to risk management, businesses can stay safe and secure while still achieving their goals.