Which is the correct order of the five steps of Risk Management?

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Risk management follows a logical flow: first you identify the hazards that could cause harm, then you assess the risk they pose by considering both likelihood and severity. With that understanding, you make control decisions—selecting the appropriate measures to reduce or eliminate the risk. Next, you implement those controls so they are actually put in place in the operation. Finally, you supervise and review to ensure the controls work, catch any gaps, and update the plan as conditions change or new hazards appear.

This sequence matters because each step builds on the previous one. You can’t assess risk without knowing what hazards exist, you can’t choose effective controls without understanding the risk level, and you can’t ensure lasting safety without monitoring the controls over time. Minor wording differences in some options don’t change the overall order, but placing implementation before decision-making or skipping the assessment step would undermine the entire risk-management process.