Assessing hazards is which part of the ORM process?

Assessing hazards is known as the second step in the Operational Risk Management (ORM) process. This step is crucial because it involves identifying potential risks associated with a given task or operation and evaluating the likelihood and impact of those risks. By systematically assessing hazards, individuals or teams can prioritize which risks require more attention and develop strategies to mitigate them effectively.

The ORM process typically follows a structured approach, starting with identifying hazards, which lays the groundwork for the subsequent assessment. Following hazard assessment, the next stages involve making risk decisions and implementing controls. This step ensures that potential dangers are not only recognized but thoroughly analyzed, allowing for informed decision-making that enhances safety and operational efficiency.