The Statement 'You fare more likely to control risks when they are identified earlier rather than later' is associated with what Risk Management principle?

• A. Identify hazards early
• B. Anticipate and manage risk by planning
• C. Implement controls after risk is identified
• D. Supervise risk at all times

Answer: (A)

Early identification of hazards is foundational in Risk Management. When hazards are spotted as soon as possible, you can assess their risk early and put preventive controls in place before exposure occurs. This proactive timing reduces both the chance of a bad outcome and its potential severity, and it also makes planning and resource use more effective because you’re handling risks before they escalate. Planning and anticipating risk are important, but they describe a broader approach rather than the specific advantage gained from recognizing hazards early. Implementing controls only after a risk is identified misses the benefit of catching problems sooner, and supervising risk at all times focuses on monitoring rather than the timing of hazard discovery.