Develop controls and make risk decisions
Develop controls and make risk decisions
Develop controls and make risk decisions
Develop controls and make risk decisions
Develop controls and make risk decisions
Develop controls and make risk decisions
Develop controls and make risk decisions
Develop controls and make risk decisions
Develop controls and make risk decisions
Develop controls and make risk decisions
Steps in composite risk management: Identify hazards. Assess hazards to determine risks. Develop control methods to manage the risk. Implement the control methods. Supervise and evaluate.
Immediately after assessing the hazards to determine the risk in the 5-step composite risk management process, you should make risk decisions. This involves evaluating the level of risk associated with each hazard and deciding whether to accept, mitigate, or eliminate the risk. This step is crucial for prioritizing actions and ensuring that appropriate measures are taken to manage the identified risks effectively.
After assessing the hazards to determine the risk, the next step in the five-step composite risk management process is to analyze the risk. This involves evaluating the likelihood and potential impact of each identified hazard, allowing you to prioritize them based on their severity. This analysis helps inform decision-making regarding risk mitigation strategies and resource allocation.