Properly arrange the steps in the five-step risk management process?

The five-step risk management process is typically arranged as follows: 1) Identify the risks, 2) Assess the risks, 3) Develop strategies to manage the risks, 4) Implement the risk management strategies, and 5) Monitor and review the risk management process. This sequence ensures that risks are systematically recognized, evaluated, addressed, and continually updated to adapt to changing circumstances. By following these steps, organizations can effectively minimize potential negative impacts.