What are the five steps in the risk management process?

What are the five steps in the risk management process?

• A. Identify hazards; Assess the risk of those hazards; Consider control options and make risk decisions; Implement the controls; Supervise and evaluate
• B. Identify hazards; Implement the controls; Assess the risk of those hazards; Supervise and evaluate; Make risk decisions
• C. Identify hazards; Assess; Implement controls; Review and approve
• D. Assess risks; Identify hazards; Decide controls; Implement; Monitor

Answer: (A)

The five-step risk management process follows a clear sequence: identify hazards; assess the risk of those hazards; develop and choose controls (make risk decisions); implement the controls; and then supervise and evaluate. This order ensures hazards are found first, the level of risk is understood, the appropriate controls are selected before action, and there is ongoing oversight to verify effectiveness and adjust as needed. The given sequence matches this flow exactly: identify hazards, assess the risk of those hazards, consider control options and make risk decisions, implement the controls, and supervise and evaluate. Other options don't fit because they disrupt the flow—trying to implement controls before fully assessing risk or skipping the decision step, or omitting the supervision and evaluation phase—would prevent a complete, responsive risk management process.

The five-step risk management process follows a clear sequence: identify hazards; assess the risk of those hazards; develop and choose controls (make risk decisions); implement the controls; and then supervise and evaluate. This order ensures hazards are found first, the level of risk is understood, the appropriate controls are selected before action, and there is ongoing oversight to verify effectiveness and adjust as needed. The given sequence matches this flow exactly: identify hazards, assess the risk of those hazards, consider control options and make risk decisions, implement the controls, and supervise and evaluate.

Other options don't fit because they disrupt the flow—trying to implement controls before fully assessing risk or skipping the decision step, or omitting the supervision and evaluation phase—would prevent a complete, responsive risk management process.