What is the first step of the risk management process?

The first step of the risk management process is identifying hazards. This foundational step involves recognizing potential sources of harm that could affect personnel, equipment, or the mission. By identifying hazards, leaders can gain a comprehensive understanding of the environment and circumstances that may pose risks. This awareness is critical, as it sets the stage for subsequent actions, such as evaluating the risks associated with those hazards and determining the appropriate controls to mitigate them.

The identification of hazards creates a solid baseline for effective risk management. It enables small unit leaders to analyze what specific threats exist and prioritize them based on likelihood and potential impact. This process leads to informed decision-making, ensuring that all subsequent steps, such as evaluation and implementation of controls, are based on accurate and relevant information.

When other steps, such as evaluating risks or implementing controls, are taken first, the process lacks the necessary context that comes from a thorough hazard identification, which could lead to inadequate risk assessments and ineffective mitigation strategies.