What are the 5 steps in Air Force risk management?

The five steps in Air Force risk management are:

1. Identify the Hazard - Recognizing potential hazards that could cause harm.
2. Assess the Risk - Evaluating the likelihood and potential impact of the identified hazards.
3. Develop Controls and Make Decisions - Determining appropriate measures to mitigate risks and deciding on the best course of action.
4. Implement Controls - Putting the chosen risk mitigation strategies into practice.
5. Supervise and Review - Monitoring the effectiveness of the controls and reassessing risks as necessary.