What are the three steps in conducting a risk assessment?

The risk assessment process involves three primary steps:

Identification: Recognizing potential risks that may impact the facility.

Analysis: Determining the severity, probability, and potential impact of identified risks.

Evaluation: Prioritizing risks based on their significance and deciding on mitigation measures.

Why the other options are incorrect:

(B) Consultation and review are valuable but do not define the core steps of risk assessment.

(C) Treatment is a separate step that follows assessment.

(D) Likelihood, consequence, and rating are part of risk analysis but do not form the complete risk assessment process​.