What are the five steps in the risk management process ?

admin

What are the five steps in the risk management process ? What are the stages of risk management process ? Why risk assessment process is important for companies ?

belladona

What are the steps in the risk management process ?

Identification of danger that may cause harm
Decide who, what or how may be harmed
Assessment the risk and taking the actions or measures
Documentation (Make a record of what you have found)
Review of risk assessment

cardigans

What are the steps in the risk assessment process ?

First of all, hazards should be identified.
Secondly, who may be harmed from these hazards and how he/she may be harmed.
Thirdly, the risk factors should be assessed very carefully. If necessary, precautions should be taken.
Then, documentation should be made. Records should contain risk factors.
Last step is to review risk assessment.

flavianus

What are the five steps of risk assessment process ?

Step 1: Identify the hazards
Step 2: Decide who might be harmed and how
Step 3: Evaluate the risks and decide on precautions
Step 4: Record your findings and implement them
Step 5: Review your assessment and update if necessary