Which air force risk management process involves five step risk management?

The Air Force risk management process that involves a five-step approach is known as the Air Force Risk Management (AFRM) process. The five steps are: identifying hazards, assessing risks, developing controls and making decisions, implementing controls, and supervising and reviewing. This systematic process aims to enhance mission effectiveness while minimizing risks to personnel and resources. It is integral to the Air Force's operations and safety protocols.