Which phrase best describes the annual evaluation of hazardous operations to identify risks?

The phrase "hazard review" is specifically designed to address the systematic process of evaluating hazardous operations on an annual basis to identify potential risks. This term implies a thorough assessment focused on identifying hazards that may pose dangers to health and safety within various operations or processes. It emphasizes the act of reviewing and scrutinizing existing practices to uncover any risks that may not have been previously identified or mitigated.

In the context of risk management, hazard reviews are critical as they involve examining current operations, procedures, and environments regularly to ensure that they remain safe and compliant with best practices. This proactive approach is key to maintaining safety standards and devising strategies to minimize risk exposure.

Other terms like "annual assessment" or "risk analysis" may sound related but have broader implications or could describe different components of the risk management process. "Risk maintenance," for instance, does not convey the idea of evaluating and identifying hazards but rather suggests managing existing risks. Therefore, "hazard review" is the most precise phrase that encapsulates the annual evaluation of hazardous operations with the goal of identifying risks.