In risk management, what is a typical sequence of actions?

• A. Ignore risks and proceed.
• B. Identify risks, assess, mitigate, accept, and monitor.
• C. Only assess risks after mission.
• D. Mitigate all risks to zero.

Answer: (B)

In risk management, you act in a deliberate, proactive cycle: identify hazards, assess the risk (likelihood and impact), implement mitigations to reduce the risk, decide to accept any residual risk, and continuously monitor the situation to adjust as conditions change. This sequence ensures hazards are found and addressed before they undermine the mission, rather than ignored or left unexamined.

Ignoring risks contradicts the purpose of risk management; you can’t safely proceed without understanding hazards. Assessing risks only after the mission misses the opportunity to plan and apply protections up front. Trying to mitigate all risks to zero is usually impractical; some residual risk remains and must be accepted at an acceptable level.