Many hazards and their associated risks are well known and have well established and
accepted control measures. In these situations, the second step to formally assess the risk
is unnecessary. If, after identifying a hazard, you already know the risk and how to control it
effectively, you may simply implement the controls.
Risk management is a proactive process that helps you respond to change and facilitate
continuous improvement in your business. It should be planned, systematic and cover all
reasonably foreseeable hazards and associated risks.