Which of the following is NOT a part of implementing Step 5 in the risk management process?

Planning future projects is not a part of implementing Step 5 in the risk management process, which focuses on the execution and oversight of previously identified risk mitigation strategies. Step 5 is primarily concerned with overseeing the ongoing operations, reviewing the effectiveness of the risk management measures put in place, and monitoring activities to ensure that risks are adequately managed in real time.

Supervising the operation involves ensuring that the risk management plans are being followed in practice and that personnel are adhering to established protocols. Reviewing and evaluating risks allows for feedback on whether the current strategies are effective or if adjustments are needed. Monitoring the activity includes tracking performance and gathering data on how risks are being managed, which is crucial for timely interventions. However, planning future projects falls outside the immediate scope of implementing risk management measures for ongoing operations, hence it is not part of Step 5.