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The five steps of RMidentify the hazards, assess the hazards, develop controls and make risk decisions, implement controls, and supervise and evaluateare used across the Services to help them operate as a joint force. RM must be embedded in Army culture.
Risk Severity (also called Risk Impact) is the expected harm or adverse effect that may occur due to exposure to the Risk. In other words, it measures how bad things could get if a particular Risk materializes.
The 4 essential steps of the Risk Management Process are: Identify the risk. Assess the risk. Treat the risk. Monitor and Report on the risk.
After deciding the probability of the risk happening, you may now establish the potential level of impactif it does happen. The levels of risk severity in a 55 risk matrix are insignificant, minor, significant, major, and severe.
Risk Assessment Code (RAC) Severity Code. Catastrophic (I) Imminent and immediate danger of death or permanent disability. Critical (II) Permanent partial disability, temporary total disability. Significant (III) Hospitalized minor injury, reversible illness.
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These rules were developed utilizing the levels of risk described in the Army RM process, Low, Moderate, High, and Extremely High.

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