What is the first step in the Facility Risk Management Model?

The first step in the Facility Risk Management Model is to identify potential risks. This foundational step is crucial because it sets the stage for all subsequent actions in the risk management process. By identifying potential risks, a facility can understand what specific hazards or vulnerabilities exist that could impact the safety of personnel, the integrity of assets, or the effectiveness of operations.

Recognizing these risks allows an organization to evaluate their likelihood and potential impact, which informs decision-making and resource allocation. Without a thorough understanding of the risks, subsequent stages such as developing inspection checklists, implementing preventative measures, and monitoring risk controls would lack direction and effectiveness. Proper identification fosters a proactive rather than reactive approach to safety and risk management, ultimately enabling facilities to create a safer environment.