Risk management is a structured approach to identifying, assessing, and controlling hazards. Effective risk management reduces accidents and supports operational continuity.

The first step is hazard identification. Observations, inspections, and employee feedback help uncover risks. Once identified, risks must be assessed based on likelihood and severity.

Control measures follow a hierarchy, prioritizing elimination and substitution over administrative controls and personal protective equipment. This hierarchy ensures that risks are addressed at their source whenever possible.

Training and communication support risk controls. Employees must understand new procedures and the reasons behind them. Clear instructions improve compliance and effectiveness.

Regular reviews ensure that risk controls remain effective. Changes in equipment, processes, or staffing can introduce new hazards, requiring updated assessments.

Proactive risk management creates resilient organizations. By anticipating and addressing hazards, companies protect people and maintain operational stability.