In the risk management process, what is the first step that involves gathering information?

The first step in the risk management process that involves gathering information is awareness. In this phase, the focus is on understanding the environment and identifying potential risks and hazards. It requires collecting data about existing conditions, resources, historical incidents, and other relevant information that provides a foundation for the subsequent steps in the risk management cycle.

Awareness helps stakeholders recognize the context in which risks might occur and prepares them to analyze these risks more effectively. This foundational knowledge is crucial for effective decision-making in later stages of the risk management process. Thus, the emphasis on gathering information in the awareness phase establishes a comprehensive understanding of the risk landscape prior to assessing hazards or making decisions regarding risk mitigation approaches.