Which of the following is considered a key component of effective risk management in the Army?

A thorough assessment of all potential hazards is indeed a key component of effective risk management in the Army. This process involves the identification, analysis, and evaluation of risks associated with specific operations or activities. By understanding the potential hazards, commanders and leaders can make informed decisions regarding the safety and effectiveness of missions. Recognizing risks not only helps in planning but also aids in developing strategies to mitigate them, ensuring that personnel and resources are safeguarded.

Moreover, this comprehensive assessment allows for proactive measures to be put in place, enhancing mission success while reducing the likelihood of accidents or failures. Risk management is fundamentally about anticipating challenges and being prepared to address them, and this requires the capability to accurately assess all possible threats and vulnerabilities present in any given situation.