The document discusses hazard identification and risk assessment processes. It explains that hazard identification involves determining all physical and non-physical risks in the workplace. Risk assessment then prioritizes which hazards need to be addressed based on probability and severity of impact. The steps for hazard identification and risk assessment are to: 1) identify hazards, 2) assess risks, 3) make changes to remove or reduce hazards, and 4) check that changes minimize risks and do not create new hazards. Periodic monitoring is important to accurately assess effectiveness of safety management improvements over time.