What is the first step in the risk management process?

The first step in the risk management process is to identify hazards. This foundational step involves recognizing potential sources of harm or situations that could lead to adverse effects in a product's lifecycle, workplace, or environment. Identifying hazards allows organizations and individuals to understand what risks they might face and serves as the basis for the subsequent steps in the risk management process.

Following the identification of hazards, the process would typically involve assessing the risks associated with those hazards, checking the controls that are in place, and finally, implementing measures to control the risks. Without the initial identification of hazards, it would be impossible to proceed effectively with the remaining steps, making it a crucial starting point in managing potential risks effectively.