The 5 Step Risk Management Model Essay
Model
Risk Management
The 5-step risk management model offers a continuous, organized decision-making method to guide the risk planning process. This model allows managers to 1) identify risks, 2) assess hazards, 3) develop controls and make decisions, 4) implement controls, and 5) supervise and evaluate changes. The 5-step model forms the basis for deliberate planning, and familiarization further…