Which of the following is part of the five-step process for operational risk management?

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The five-step process for operational risk management includes identifying hazards, assessing risks, implementing controls, monitoring results, and reviewing the process. Hazard control is integral to this framework as it focuses specifically on reducing or eliminating risks associated with identified hazards.

By managing the hazards effectively, organizations can protect personnel, resources, and the community from potential incidents. This entails implementing strategies and procedures that either mitigate the risks posed by hazards or remove them altogether. Recognizing the importance of hazard control highlights the proactive approach required in risk management, which is essential in ensuring safety during fire operations and other emergency services.

The other options mentioned, such as resource allocation, training evaluation, and incident reporting, while important aspects of operational management and safety programs, do not specifically align with the core elements of the operational risk management process. They may support it indirectly or serve their own roles, but they are not foundational components within the five-step framework focused on risk management.

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