What is the first step in the ORM process?

Identifying hazards is the foundational step in the Operational Risk Management (ORM) process. This step involves recognizing potential dangers that could lead to accidents or failures during operations. By thoroughly identifying hazards, individuals and teams can understand the risks associated with their activities and environments. This knowledge is critical because it sets the stage for the following steps in the ORM process, which include assessing risks, making decisions on those risks, and implementing controls to mitigate them.

Without first identifying hazards, subsequent steps such as assessing risk levels or deciding on appropriate controls become ineffective, as one cannot manage risks that haven't been recognized. This step lays the groundwork for a comprehensive approach to safety and risk management, ensuring that all potential dangers are adequately considered before moving forward with any operational plans.