Which is NOT one of the four steps involved in a risk investigation?

The process of a risk investigation typically includes four essential steps: identifying your risk exposure, selecting the most effective technique for management, monitoring the outcomes, and continuously improving and refining the chosen techniques. The focus of these steps is primarily on assessing risks and determining strategies to mitigate them based on analysis and monitoring.

Implementing immediate changes is not typically characterized as a distinct step in the structured process of risk investigation. While organizations may need to implement changes following risk assessments, these actions are often based on the information gathered from risk exposure and techniques chosen rather than a formal step in the investigation itself. Therefore, this emphasizes the systematic approach required in a risk investigation, which prioritizes assessment, selection, and iterative improvement over reactive measures.