Develop controls and make risk decisions
Develop controls and make risk decisions
Develop controls and make risk decisions
Develop controls and make risk decisions
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.
After assessing the hazards in the five-step composite risk management process, the next step is to analyze the risks associated with those hazards. This involves determining the potential consequences and likelihood of each hazard leading to an incident, allowing for an informed evaluation of the overall risk. Subsequently, you can prioritize the risks based on their severity and likelihood, setting the stage for risk control measures.
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.
You should develop controls and make risk decisions.