What is the primary focus of risk management?

The primary focus of risk management is to eliminate or control hazards to minimize risk. This encompasses the systematic approach to identifying potential hazards, assessing the risks associated with those hazards, and implementing strategies to either eliminate or mitigate those risks. The goal is to create a safer environment by reducing the likelihood of accidents, injuries, and incidents that could adversely affect personnel, equipment, and operations.

By prioritizing the control or elimination of hazards, risk management aims to protect individuals and organizations, ensuring that safety is at the forefront of all operations. This proactive approach not only enhances safety but also can lead to improved productivity and morale, as workers feel safer in their environments.

While increasing production efficiency, reducing training costs, and ensuring compliance with OSHA standards are important aspects of workplace operations, they do not encapsulate the main objective of risk management, which is fundamentally concerned with minimizing risk through hazard control. This clarity in focus is what makes the correct answer stand out in the context of safety practices.