In ORM, what is the significance of identifying hazards?

Identifying hazards is crucial as it lays the foundation for further risk assessment and management. By recognizing potential hazards in a given environment or situation, organizations can evaluate the associated risks more effectively. This initial step is vital to developing appropriate control measures and strategies aimed at mitigating those risks. Without identifying hazards, subsequent steps in the risk management process would lack context and clarity, making it difficult to implement effective safety protocols. This systematic approach ensures that all potential risks are considered, allowing for informed decisions and prioritization of safety measures based on the level of risk associated with each hazard.