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To "anticipate" means to expect or predict. So a person who anticipated the lottery result would be the person who would win the jackpot.
Expected means that a person or a group of people are awaiting something because they anticipate that it is going to happen. Alternatively they regard someone as being likely to be or to do something.
Anticipating something means to both to expect something and take action for that reason. Expecting something does not necessarily require any action.
The 5 steps include: identify the risk, Access, make decision, implement controls and evaluate. Starting a new project can be daunting, but with proper risk management you can anticipate challenges and solve them in advance.
Typically, no. While a researcher might anticipate a particular result, the hypothesis is only that - what the expected result might be (and often, there may be several possible expected results or even none.)