What is the final step in the risk management process?

The final step in the risk management process involves taking reasonable measures to reduce risk. This step is crucial because it focuses on the actions that need to be taken to mitigate identified risks to an acceptable level. After identifying operational hazards and assessing the associated risks, it is essential to implement strategies and controls that can effectively address these risks. This could involve modifying procedures, providing additional training, or utilizing safety equipment.

The emphasis in this last step is on practical application—how the identified risks can be minimized through actionable measures. It reflects a proactive approach to safety, ensuring that once risks are recognized, appropriate interventions are made to protect personnel and operations.

In this context, the other options relate to earlier stages of the risk management process, such as identifying hazards or evaluating training needs, which are important but do not constitute the conclusion of the risk management cycle. Thus, taking reasonable measures to reduce risk is rightly considered the final step, emphasizing the commitment to continuous safety improvement and risk mitigation.