What is the objective of identifying hazards during risk management?

Identifying hazards during risk management is primarily aimed at recognizing risks that could lead to potential losses. This process involves assessing various factors that may pose dangers or risks within a working environment, ensuring that measures can be implemented to either mitigate or eliminate these risks. By understanding what hazards exist, organizations can take proactive steps to protect personnel, resources, and operations, thereby reducing the likelihood of incidents that could lead to accidents, injuries, or financial losses.

This focus on identifying risks directly relates to ensuring safety and effectiveness in operational procedures, which is pivotal to the overall goal of risk management. Managing potential hazards effectively contributes to the sustainability of the organization and the safety of its workforce.