Which components are included in a risk assessment?

The correct answer encompasses essential aspects of a risk assessment process, emphasizing its structured approach to identifying and managing risks in any operation, particularly in a context like the Naval Munitions Command.

Hazard identification is the foundational step in a risk assessment, where potential dangers that could cause harm are recognized. This sets the stage for subsequent steps. Risk analysis follows, which assesses the likelihood and potential impact of each identified hazard, helping to quantify the level of risk involved. This analysis is crucial for understanding how severe the consequences could be and how frequently these hazards could occur.

Lastly, risk mitigation strategies form the final component, which includes developing plans to minimize, control, or eliminate risks. By establishing these strategies, an organization can implement necessary safeguards to protect personnel and equipment from potential hazards.

In contrast, the other options, while consisting of important activities, do not strictly align with the fundamental components of a risk assessment. Staff training, equipment checks, and operational planning may influence safety and efficiency but do not specifically articulate the framework of a risk assessment process in the same structured manner as hazard identification, risk analysis, and risk mitigation strategies do.