What is the last step in the Risk Management process?

The last step in the Risk Management process is to supervise. This step involves ongoing monitoring and oversight to ensure that the controls implemented are effective and are being followed properly. It is essential to evaluate the effectiveness of risk control measures and make adjustments as necessary, ensuring that the organization remains proactive in managing risks.

Supervision helps to maintain a culture of safety and continuous improvement, as it allows for the identification of any new hazards or gaps in the controls that were put in place. This ongoing process is critical because once risks are identified and controls are implemented, it is important to ensure that the system remains responsive and effective in mitigating those risks over time.

In contrast, identifying hazards, assessing hazards, and implementing controls are all prior steps in the Risk Management process that lead up to the final supervisory actions. Each of these earlier steps provides foundational work that informs and enhances the effectiveness of the supervision that follows.