What is involved in the first step of the risk management cycle?

The first step of the risk management cycle is identifying hazards. This crucial initial phase involves recognizing and documenting any potential dangers that could negatively impact operations, personnel, or the environment. By accurately identifying hazards, individuals and organizations can begin assessing the level of risk associated with each hazard, which informs the subsequent steps in the risk management process.

When hazards are identified, it creates a foundation for establishing appropriate controls and mitigation strategies in later phases. This proactive approach helps ensure that risks are not overlooked and that comprehensive safety measures are developed. The identification process often involves collecting data, consulting experts, and utilizing various tools and methodologies to ensure a thorough understanding of potential risks.