Risk management aims to apply a process to identify risks, set an acceptable level for risk, and take steps to keep residual risk at that level.
We manage risk by developing responses to reduce adverse incidents' consequences, likelihood, or both. In order to do this, we need to identify risks, assess their potential consequences and likelihood, and design a response plan.
A way of managing risks is to do a hazard analysis of an activity. As you review what is a risk with that activity you develop steps to eliminate or manage those risks, these become part of your processes that need to be in place when carrying out that activity to keep people safe.
For the example attached, we are focused on the Club environment and rigging area.