What is the last step in the risk management process?

The final step in the risk management process is to supervise, which involves monitoring the implementation of the risk management measures and ensuring that the controls put in place are effective. This step is crucial because it allows for the evaluation of how well the actions taken are mitigating the identified risks. Continued supervision helps identify any changes in conditions that may necessitate adjustments to the risk management strategies. It is an ongoing process that ensures the safety and readiness for operations are maintained.

The other options, while important in their own right, represent earlier stages in the risk management process. Deciding involves determining the best course of action based on assessed risks, implementing controls involves putting those actions into place, and assessing risks is about identifying potential hazards. All these steps lead up to the supervisory phase, highlighting the importance of continual oversight in effective risk management.