Which concept is a component of the risk management model?

• A. Planning
• B. Risk identifying
• C. Program budgeting
• D. Operation plan

Answer: (B)

Risk identification is the component being tested. In the risk management model used in fire service practice, you begin by identifying hazards and the risks they pose. This step is foundational because you can’t properly assess, prioritize, or control risks without knowing what they are. By identifying risks, you can evaluate their likelihood and potential consequences, which then informs which controls to implement and how to monitor their effectiveness over time. Other options don’t fit as the primary component because planning relates to organizing actions, program budgeting deals with funding, and an operation plan pertains to incident operations rather than the risk management sequence.