A computer-implemented method is provided for performing mishap risk assessment within a system. The method includes providing a first set of data including risk information associated with at least one hazard within the system, correlating all input first set of data with a second set of data defined as a plurality of mishaps of the system such that the hazard correlates with each mishap to assess mishap potential, storing the correlated first and second sets of data, and performing mishap risk assessment within the system based the correlated data including the first and second sets of data.