Board of Certified Safety Professionals (BCSP) Practice Exam

What step in the risk management process involves listing potential exposures?

1. Analysis

2. Control

3. Identification

4. Administration

The correct answer is: Identification

The step in the risk management process that involves listing potential exposures is identification. This phase is crucial because it focuses on uncovering and documenting all possible risks that an organization might face. During this step, risk managers evaluate various sources of potential hazards, including operational processes, equipment, workforce, and external factors that could pose threats to safety, health, or business continuity. By systematically identifying exposures, organizations can gain a comprehensive understanding of their risk landscape. This foundational work is essential because it informs subsequent stages of the risk management process, such as analysis, where the identified risks are assessed in terms of their likelihood and potential impact. Control measures are then developed based on this understanding, ensuring that risks are managed effectively. In contrast, the other options represent different aspects of the risk management process. Analysis involves evaluating and prioritizing risks, Control refers to implementing strategies to mitigate identified risks, and Administration pertains to the overall management and communication of the risk management efforts. Each of these steps builds upon the information gathered during the identification phase.