What is the objective of applying the risk management process in sequence?

The objective of applying the risk management process in sequence is that each element supports the next step. This sequential approach ensures that the entire process is coherent and comprehensive, allowing leaders to identify, assess, and mitigate risks more effectively. By following this structured method, leaders can better understand the implications of each phase, facilitating informed decision-making based on the assessments made in prior steps.

Each element builds upon the previous one, which enhances clarity and assists in making more informed decisions about risk and its management. The interconnectivity of these steps reinforces the overall effectiveness of the risk management strategy, ensuring that no critical component is overlooked and maximizing the overall impact of the risk management efforts.