Certified Professional in Health Care Risk Management (CPHRM) 2025 – 400 Free Practice Questions to Pass the Exam

The initial step in managing risks effectively is risk identification. This crucial first step involves recognizing and determining the potential risks that may affect an organization, its processes, or its goals. Without identifying risks, it would be impossible to analyze, control, or transfer them effectively. By pinpointing the specific risks, organizations can develop a clear understanding of what issues they face and prioritize their resources and strategies accordingly.

This stage sets the foundation for all subsequent risk management activities. Once risks have been identified, further stages such as risk analysis and risk control can proceed, allowing for a more structured and efficient approach to managing the potential threats. Therefore, risk identification is essential for a comprehensive risk management plan, ensuring that all possible risks are accounted for and addressed.