What does Step 3 of the Risk Management process involve?

• A. Identify Hazards
• B. Assess Risks
• C. Implement Controls
• D. Develop Controls & Make Decisions.

Answer: (D)

Step 3 focuses on developing controls to reduce risk and making decisions about which mitigations to apply. After hazards are identified and risks assessed, you analyze and propose feasible control measures—engineering changes, administrative procedures, and appropriate protective equipment. The aim is to select the combination of controls that effectively lowers the residual risk to an acceptable level, assign responsibilities, and decide how and when those controls will be implemented. This step also involves evaluating the impact of the controls on the mission, confirming that the risk is acceptable, and determining whether to proceed, modify the plan, or halt the operation if the risk remains too high.