1. Identification of Risks: Recognizing potential hazards that could affect patients or healthcare staff. This includes physical, psychological, and environmental risks. 2. Risk Assessment: Evaluating the likelihood and impact of identified risks. This involves analyzing the probability of occurrence and the severity of potential consequences. 3. Risk Management: Implementing strategies to mitigate identified risks. This includes developing contingency plans, training staff, and employing safety measures. 4. Monitoring and Review: Continuously monitoring risks and reviewing the effectiveness of implemented strategies. This helps in identifying new risks and improving existing measures.