Which is the correct sequence of the Risk Management Process steps?

Which is the correct sequence of the Risk Management Process steps?

• A. Identify the hazard, Assess Hazards, Develop Controls/Make Decisions, Implement Controls, Supervise & Evaluate.
• B. Implement Controls, Identify Hazards, Assess Hazards, Develop Controls/Make Decisions, Supervise & Evaluate.
• C. Assess Hazards, Identify Hazards, Implement Controls, Develop Controls/Make Decisions, Supervise & Evaluate.
• D. Develop Controls/Make Decisions, Identify Hazards, Assess Hazards, Implement Controls, Supervise & Evaluate.

Answer: (A)

Identify hazards first because you can’t manage what you can’t see. Once you know what hazards exist, you assess them to understand the level of risk—considering how likely the hazard is to occur and what the potential consequences would be. With that assessment, you develop controls or make risk-based decisions to reduce or eliminate the hazards, prioritizing actions based on the level of risk. Then you implement those controls to put the plan into action. Finally, you supervise and evaluate to verify that the controls are working, monitor effectiveness, and adjust as needed. Other sequences try to act before identifying hazards or assessing them, which isn’t feasible and would undermine the whole process.

Identify hazards first because you can’t manage what you can’t see. Once you know what hazards exist, you assess them to understand the level of risk—considering how likely the hazard is to occur and what the potential consequences would be. With that assessment, you develop controls or make risk-based decisions to reduce or eliminate the hazards, prioritizing actions based on the level of risk. Then you implement those controls to put the plan into action. Finally, you supervise and evaluate to verify that the controls are working, monitor effectiveness, and adjust as needed. Other sequences try to act before identifying hazards or assessing them, which isn’t feasible and would undermine the whole process.